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Borsa Istanbul Ends Session 3.30% in the Green

TURKEY
  • The Borsa Istanbul stock index ended the session 3.30% in the green at 8304, putting it within close proximity to all-time highs at 8403 printed on Sep 11. The banking index closed higher for the sixth consecutive session, ending the day 2.55% higher.
  • Ekonomi’s banking sources say that closing back above the 8000 level on Friday was an important psychological development for the benchmark index. Moreover, the index ended the week above the 22-day average of 7970. Upward price action could accelerate if the movements above this level are sustained, they say.

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