Borsa İstanbul reached record levels in the first week of the year.

Borsa İstanbul Breaks Record!

In Borsa İstanbul, the BIST 100 index started the first week of the year at record levels, buoyed by macroeconomic data and a decrease in Turkey's borrowing costs.

Striking Rise in the First Week of the Year

Beginning the new year at 11,296.52 points, the BIST 100 recorded a %6.11 increase in its first trading week, reaching 12,200.95 points, the highest level in history.

Situation in Global Markets

In global markets, expectations for interest rate cuts by the U.S. Federal Reserve (Fed), reduced valuation concerns regarding technology and artificial intelligence companies, and a decline in oil prices are creating a positive atmosphere. All these developments support global efforts to combat inflation.

Inflation Figures and Their Effects

December's inflation rate was announced at %0.89, falling below expectations. The annual inflation rate decreased to %30.89, the lowest level in the last 49 months. This situation strengthens expectations for interest rate cuts by the Central Bank of the Republic of Turkey (TCMB), supporting the rally in the stock market.

Credit Risk Decreasing

Turkey's 5-year credit risk premium (CDS) has fallen to 204.5 basis points, the lowest level since May 2018.

Current Account Balance is Positive

Turkey's current account balance showed a surplus of 457 million dollars last October. This indicates that the current balance has posted a surplus for the fourth consecutive month, with a total surplus of 8 billion 653 million dollars over the last four months.