Historic Summit in Borsa Istanbul!

Historic Summit in Borsa Istanbul!

While Borsa Istanbul renewed its final record yesterday; It also pulled up the historic intraday high in transactions on the last day of the week. Will Borsa Istanbul keep breaking new records? Gedik Investment Research Manager Onurcan Bal rated hurriyet.com.tr.

Şenay Zeren

While the world stock market indices showed positive trends due to the increase in global risk appetite; She is accompanied by the Borsa İstanbul. The Borsa Istanbul 100 Index (BIST 100) closed the day at 2601 points, its highest ever closing value. In today’s transactions, the index renewed its historic intraday high by reaching the highest score of 2623. Onurcan Bal, Gedik Investment Research Manager, in his assessment of the Borsa Istanbul summits, stated: “We believe that the renewal of the summits can continue as long as the permanence above the 2562 level is technically maintained”.

If we look at the global projection; While inflationary pressures, expectations of falling growth figures and monetary tightening measures by the major central banks (US Federal Reserve, European Central Bank, Bank of England) dampened risk appetite on the markets; It also has a direct negative impact on world stock market indices. In such a table, Borsa Istanbul can accompany the world stock exchanges. Experts warn that equity investors should follow global developments closely.

The Borsa İstanbul 100 index increased its historic intraday high to 2623 points on the last trading day of the week; declined to its lowest 2601 points for the day. As of 2:14 p.m., the BIST 100 index is trading at 2604 points, up 0.11%. The bank index, on the other hand, is at 2146 points and thus loses 0.38 percent.

The Borsa Istanbul 100 Index is up 39 percent year-to-date compared to yesterday’s close.


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