How did the stock market start the week?

The stock market started the week with an increase.

At the opening, the BIST 100 index rose by 10.18 points and 0.13 percent compared to the previous close, reaching 7,996.66 points.

While the banking index decreased by 0.31 percent, the holding index recorded an increase of 0.07 percent. Among the sector indices, the biggest gainer was securities investment trusts with 1.36 percent, while the biggest decliner was banking.

On Friday, the BIST 100 index at Borsa Istanbul, which followed a buying-weighted trend, completed the day with a 1.15 percent gain at 7,986.47 points.

Analysts stated that global equity markets started the new week with a mixed trend and that the busy data agenda to be followed throughout the week is expected to be effective on the direction of the markets.

TURKEY ASSESSMENT FROM MOODY'S

On the other hand, international credit rating agency Moody's conducted an assessment regarding the Turkish economy within its calendar after the markets closed on Friday evening.

In the statement made by the agency, it was reported that Turkey's credit rating was confirmed as "B3", and the rating outlook, which was previously "stable", was upgraded to "positive".

The statement noted that the main reason for changing the outlook to positive was "the decisive change in economic policy, especially the return to orthodox monetary policy."

Analysts reported that the budget balance will be monitored domestically today, and industrial production data in the Eurozone will be monitored abroad, noting that technically, the 8,060 and 8,150 levels are resistance, and 7,900 and 7,750 points are support positions for the BIST 100 index.

News Source: AA