The stock market ended the week with records – Latest news

While Borsa Istanbul's BIST 100 index increased by 386.88 points compared to the previous close, the total transaction volume was 287.5 billion lira.

The banking index rose by 5.63 percent and the holding index by 3.53 percent.

While the banking sector was the biggest gainer among the industry indices, chemicals and petroleum plastics were the only losers with a gain of 2.05 percent.

Global markets are developing positively and risk appetite is increasing following Iran's announcement that it will open the Strait of Hormuz to all merchant ships.

While closely monitoring news flow on developments in the Middle East, Iranian Foreign Minister Abbas Arakchi stated that in line with the ceasefire in Lebanon, the Strait of Hormuz will be open to the passage of all commercial vessels until the end of the ceasefire period.

Under the influence of increasing risk appetite on the domestic side, Borsa Istanbul's BIST 100 index achieved the highest daily and weekly close ever, breaking its highest record at 14,601.12 points.

Analysts said that the Central Bank of the Republic of Turkey's (CBRT) monetary policy decision, capacity utilization rate and real sector confidence index will be followed in the country next week, and producer inflation in Germany and consumer inflation in England and Japan will be followed abroad next week. They also noted that 14,700 and 14,800 points in the BIST 100 index technically represent resistance, while 14,500 and 14,400 points represent support.

Economists expect the CBRT to keep the key interest rate steady at 37 percent next week.


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