While the BIST 100 index increased by 94.43 points compared to the previous close, the total transaction volume stood at TL 53.8 billion.
The banking index gained 1.72 percent and the holding index gained 2.56 percent. Among the sector indices, financial leasing was the highest earner with 4.57 percent, and factoring was the sport with the highest loss with 2.10 percent.
Analysts stated that global stock markets followed a positive course as concerns about the banking sector eased before the US Federal Reserve’s (Fed) monetary policy decisions to be announced today.
Stating that the market expectations regarding the steps to be taken by the Fed in the rest of the year are quite scattered, analysts said that it is predicted that the bank will increase interest rates by 25 basis points with a 90 percent probability this evening, according to the pricing in the money markets.
Analysts, who stated that the interest rate decision to be announced by the Central Bank of the Republic of Turkey (CBRT) at the Monetary Policy Committee meeting in Turkey tomorrow, and the Bank of England (BoE) interest rate decision abroad will be at the center of the markets, included consumer confidence index in the country, weekly money and bank statistics on the data agenda. and abroad, construction permits, new home sales and weekly unemployment applications in the USA will come to the fore.
Analysts noted that technically, 4.870 and 4.800 levels in the BIST 100 index became support and 5.100 points became resistance.
Most of the economists surveyed by AA Finans expect the Central Bank of the Republic of Turkey (CBRT) to keep the policy rate constant at its meeting tomorrow.
