The BIST 100 index at Borsa Istanbul completed the day at 9,915.62 points with a gain of 2.05%, achieving the highest daily and weekly closing in history, while reaching its all-time high level record at 9,956.11 points.
While the BIST 100 index increased by 198.85 points compared to the previous closing, the total trading volume amounted to 115.2 billion Turkish liras.
The banking index gained 3.38%, while the holding index increased by 1.95%.
Among the sector indices, banking was the most profitable, while financial leasing and factoring were the biggest losers, declining by 4.62%.
Analysts noted that global equity markets experienced volatile trading due to signals from data released in the United States indicating that the fight against inflation in the country might take longer than expected.
According to the data released today, personal consumption expenditures in the United States rose by 0.8% in March, exceeding expectations.
Analysts stated that inflation, economic confidence index, and the Purchasing Managers’ Index (PMI) for the manufacturing industry would be closely monitored domestically at the beginning of the week, while internationally, the decision on interest rates by the Federal Reserve (Fed), non-farm payrolls, ADP private sector employment, factory orders in the United States, growth and inflation in the Eurozone, and intensive data agenda worldwide, including the manufacturing industry PMI, would be followed.
Analysts mentioned that no change in interest rates was expected from the Fed, and technically, the resistance levels for the BIST 100 index were seen at 10,000-10,100, while the support levels were at 9,700 and 9,600 points.
source: aa.com.tr/ prepared by Melisa Beğiç