
BIST 100 index started the new week trading just below its previous closing at 7,996.10 points. At the opening, BIST 100 index declined by 0.60 points and 0.01% to 7,996.10 points compared to the previous closing. While the banking index lost 0.57%, the holding index recorded a 0.13% increase.
On Friday, BIST 100 index ended the day at 7,996.70 points with a 0.24% decrease after a volatile session. Experts state that global equity markets have started the new week with a complex trend due to uncertainties about the future monetary policies of central banks, which make it difficult to price.
Experts emphasize that the focus of investors throughout the week will be on central banks’ interest rate decisions and the heavy data agenda both domestically and internationally. They expect the Central Bank of the Republic of Turkey to increase its one-week repo auction interest rate by 250 basis points to 45%.
Today, experts note that Producer Price Index (PPI) and central government debt stock data will be followed both domestically and internationally, along with leading indicator data in the US. They state that from a technical perspective, 7,900 and 7,800 levels are support, while 8,060 and 8,200 points are resistance levels for BIST 100 index.
The movement in Borsa Istanbul will continue to shape based on global developments closely followed by investors and central banks’ interest rate policies.