While the BIST 100 index increased by 241.43 points compared to the previous close, the total transaction volume stood at TL 96.6 billion. The banking index gained 0.34 percent and the holding index gained 5.48 percent. While all sector indices rose, transportation was the highest earner with 6.47 percent.
Most traded stocks
BIST 30 index closed at 6,060.83 points with an increase of 273.34 points and 4.72 percent compared to the previous close. 96 of the stocks included in the BIST 100 index made a premium, 3 of them decreased. Turkish Airlines, Akbank, Yapı Kredi, Garanti BBVA and İşbank (C) were the most traded stocks.
$ 1,914 an ounce of gold
An ounce of gold is traded at $1,914 as of 18:30 in international markets. The kilogram price of standard gold in the Borsa Istanbul Gold Market closed the day at 1 million 495 thousand liras, with a gain of 2.7 percent compared to the previous closing. The Central Bank of the Republic of Turkey (CBRT) announced the current effective exchange rate of the dollar as 23.6074 liras for buying and 23.7020 liras for sales. The CBRT had determined the previous effective rate as 23.5328 liras for buying and 23.6271 liras for sales.
Latest situation in international markets
The simple return of the bond with a maturity date of 4 December 2024, which is traded on the Borsa Istanbul Bonds and Bills Market Outright Purchases and Sales Market, was 16.33 percent and the compound return was 16.99 percent today. In international markets, as of 18.30, the euro/dollar parity is 1.0950, the sterling/dollar parity is 1.2730, and the dollar/yen parity is 142.9.
Brent oil price per barrel
The barrel price of London Brent crude oil is trading at 74.3 dollars with a decrease of 3.5 percent. The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) increased the one-week repo auction rate, which is the policy rate, by 650 basis points to 15 percent. In the CBRT announcement, “The Board decided to start the monetary tightening process in order to establish disinflation as soon as possible, to anchor inflation expectations, and to control the deterioration in pricing behavior.” statement was included.
Bank of England interest rate decision
The Bank of England (BoE), on the other hand, increased the policy rate by 50 basis points from 4.50 percent to 5 percent. BoE Chairman Andrew Bailey, regarding the interest rate decision, stated that the economy has performed better than expected, but inflation is still very high. “We know it’s difficult. We know that many people have understandable concerns about mortgages and loans. However, if we don’t raise interest rates now, the situation could be much worse later on. We are committed to our goal of bringing inflation to 2 percent and we will take the necessary steps to achieve that.” made its assessment. Analysts stated that a negative course was followed in global stock markets with the “hawk” statements of the US Federal Reserve (Fed) Chairman Jerome Powell, as well as the BoE’s increase in policy rates by 50 basis points and the statements of BoE Chairman Bailey. It was noted that there was a positive divergence.
He noted that 5,500 points are in the resistance position
Analysts, who stated that the economic confidence index, foreign trade balance, and the Purchasing Managers’ Index (PMI) for the manufacturing industry and services sector to be announced in the USA and Europe will be announced tomorrow in the domestic market, and that inflation will be followed in Japan, technically stated that the level of 5.250 in the BIST 100 index. support noted at 5,500 points resistance position.
A professional writer by day, a tech-nerd by night, with a love for all things money.