At the opening, the BIST 100 index rose to 7,837.20 points, increasing by 120.52 points and gaining 1.56 percent compared to the previous close.
The banking index increased by 2.56 percent and the holding index increased by 1.71 percent. While all sectors gained, the highest increase was electricity with 2.86 percent.
BIST 100 index in Borsa Istanbul, which followed a buying course on Friday, finished the day at 7,716.67 points with an increase of 3 percent.
Analysts stated that the global stock markets started the week with a positive course, with the US Federal Reserve (Fed) Chairman Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium on Friday, indicating that “hawkish” steps will be taken much more carefully, adding that the intense macroeconomic data calendar has made it easier for investors. He said he’s in focus.
The possibility that the Fed’s interest rate hike cycle may have come to an end and the government’s reduced stamp duty on share trading in China causes the risk appetite to remain strong in the new week.
“We intend to keep our policy at a restrictive level until we are confident that inflation will move towards our target in a sustainable manner,” said Fed Chairman Powell, stating that they are ready to raise interest rates further if appropriate.
On the other hand, in a statement made by İşbank on Friday, it was announced that Türkiye İş Bankası Group would gather its subsidiaries under a new company to be established under the 100 percent ownership of the bank for more effective management.
Stating that the data agenda is calm in the country today, and that the Dallas Fed manufacturing enterprise index data will be followed abroad, analysts noted that the 7,900 and 8,000 levels in the BIST 100 index are technically in the position of resistance, and 7,800 and 7,700 points are in the support position.