Turkey’s BIST 100 Gains 1.24% as Broad Buying Lifts Shares
The index closed at 11,811.19, while Turkey’s central bank raised its year-end inflation forecast to 29.5%.
Key takeaways
- The BIST 100 rose 1.24% to close at 11,811.19.
- Turkey’s central bank raised its year-end inflation forecast from 28% to 29.5%.
Turkey’s BIST 100 rose 1.24% to close at 11,811.19 on Thursday. The index added 144.77 points, and total trading volume reached 137.9 billion lira.
Buying was spread across the market. The metal goods and machinery sector gained 4.37%, while mining fell 2.36%; the banking index lost 0.70%.
The Central Bank of the Republic of Türkiye raised its year-end inflation forecast to 29.5% from 28%. Analysts said investors would watch Turkey’s market participants survey and current account balance on Friday, and cited 11,900 and 12,000 points as resistance levels for the index.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
