Borsa Istanbul Started the New Week with an Increase!

Positive Start in Borsa Istanbul

Positive developments in global markets have set the stage for Borsa Istanbul to start the new week with positive momentum. News of the U.S. federal government's reopening has boosted investor confidence. However, last week, the BIST 100 index faced a challenging period due to selling pressure on Friday.

Status at the End of Last Week

On Friday, the BIST 100 index closed down by 1.34%, finishing at 10,924.53 points, marking a weekly decline of 0.43%. While this situation caused concern among investors, the index reversed its direction on the first trading day of the new week.

Developments on the First Trading Day

On the first trading day of the week, the BIST 100 index opened with an increase of 0.46%, rising to 10,974.29 points. A total increase of 49.76 points was recorded. The banking index rose by 0.47%, while the holding index declined by 0.37%, showing a volatile performance. When looking at sector indices, the insurance sector led the way with a 0.78% increase, while the forestry, paper, and printing sector lost 0.75% in value.

Market Expectations and Analyses

Analysts indicate that today’s industrial production data to be released in Turkey, as well as the Sentix investor confidence index for the Eurozone to be announced for November, will be significant. Technical analyses highlight the resistance points for the BIST 100 index at 11,000 and 11,100, while support levels are noted at 10,800 and 10,700 points.

In Conclusion

The observed rise in Borsa Istanbul has increased investors' renewed confidence in the markets, while the data to be monitored will be of critical importance for the course of the week.