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The BIST 100 index increased by 18.38 points from yesterday’s close, while the total volume of transactions was 37.6 billion lira.
The banking index gained 1.28 percent and the holding index gained 1.02 percent. Among the industry indices, mining was the most profitable with 6.29 percent and electricity was the highest with 0.81 percent.
The BIST 100 index, which had a good start to the year and broke a record after a record in the first week of the year, achieved the highest close of all time on a daily and weekly basis with 1,540.61 points, and carried its highest level at 1,542.75 points.
Therefore, the BIST 100 index gained 4.33 percent on a weekly basis and maintained its upward trend for the 10th consecutive week.
The total market value of the companies traded on Borsa Istanbul increased by 52 billion lira in the first week of the year to 1 trillion from 961 billion lira.
Analysts said that, according to data released this week, despite inflation surpassing expectations and the drop in the manufacturing purchasing managers index, falling exchange rates supported equity markets.
Although the dollar / TL rebounded this week with a limited recovery after seeing the lowest level since Aug 21, 2020 at 7.2406, it was down 1 percent compared to the previous week and maintained the trend down for a quarter. consecutive week. The dollar / TL is at the 7.3690 level in the next few minutes.
Analysts asserted that the announcement by US President Donald Trump that the new administration will take office on January 20 and the expectation that decisions regarding fiscal stimulus packages in the United States can be made in a most effectively support equity markets on a global scale.
Analysts claimed that the data-intensive schedule, especially the balance of payments, industrial production index, expectations survey statistics and labor statistics, inflation in China and the US and industrial production in the Euro zone will be followed next week. He noted that the 1,550 and 1,580 levels were resistance and 1,470 points were in support at the 100 index.
Economists participating in AA Finance’s Balance of Payments Expectations Survey expect the current account to have a deficit of $ 3.4 billion in November 2020. Economists expect the calendar-adjusted industrial production index to rise by 8, 3 percent in November compared to the same period last year.
