Business

The stock market started the day with rising on Thursday

BIST 100 index in Borsa Istanbul started the day at 2,461.96 points with an increase of 0.43%.

At the opening, the BIST 100 index rose to 2,461.96 points, gaining 10.53 points and 0.43% compared to the previous close.

The banking index increased by 0.63% and the holding index increased by 0.61%. Among the sector indices, the highest gainer was transportation with 2.08%, the only loser was communication with 1.78%.

After following a fluctuating course yesterday, BIST 100 index started to rise with purchases that increased its effect close to the close and closed the day at 2,451.43 points with an increase of 1.37%.

Analysts reported that better-than-expected corporate profitability in the balance sheet season supported the optimism in the stock markets, despite ongoing geopolitical risks, tightening expectations for central banks and growing concerns about growth.

In addition to the Inflation Report to be announced by the Central Bank of the Republic of Turkey (CBRT) today, the domestic economic confidence index, stating that the growth in the USA, inflation in Germany and consumer confidence index data in the Euro Zone will be followed abroad, the analysts said that the course of the dollar index and bond interests are also in the focus of the agenda.

Analysts stated that technically, the BIST 100 index is at the level of 2.370 as support and 2,490 points as resistance.

In the CBRT’s first Inflation Report of the year, it was predicted that inflation would be between 18.6% and 27.8% at the end of 2022, with a midpoint of 23.2%.

Source: Trthaber / Translated by Irem Yildiz

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