While the BIST 100 index increased by 2.13 points compared to the previous close, the total transaction volume stood at TL 34.9 billion.
While the banking index depreciated by 0.56 percent, the holding index gained 0.63 percent. Among the sector indices, textile and leather earned the most with 4.19 percent, and communication with 5.71 percent declined the most.
Borsa Istanbul will be reopened on Thursday, May 5, after the weekend and Eid-al-Fitr holidays.
Analysts stated that a fluctuating course was observed in the global stock markets due to ongoing geopolitical risks, tightening expectations for central banks and increasing concerns about growth, and stated that the effects of the announced company balance sheets were also followed.
Analysts, who emphasized that the next course of the dollar index, which saw the peak of nearly 20 years yesterday, is also important for the direction of the markets, noted that the interest decisions of the Fed and the Bank of England (BoE) will be the focus of the markets next week.
On the data agenda, inflation in the country, employment report in the USA abroad, factory orders, ADP employment report, Purchasing Managers’ Index (PMI) for the manufacturing industry and services sector to be announced in the USA and Europe, Producer Price Index (PPI) in the Euro Area Analysts, who said that the intense data agenda, especially in retail sales, will be followed, stated that technically, the level of 2.370 in the BIST 100 index is in the position of support and the level of 2,490 points in the position of resistance.
Economists participating in the AA Finans Inflation Expectation Survey expect the Consumer Price Index (CPI) to increase by 5.96 percent in April.
According to the average of economists’ April inflation expectations (5.96 percent), it is calculated that annual inflation, which was 61.14 percent in the previous month, will rise to 67.93 percent.