Borsa Istanbul started the day with an increase and a new step from the CBRT

Serdar HocamAuthor & Editor

While the BIST 100 index on Borsa Istanbul started the day with a 0.57 percent increase at 11,180.31 points, the CBRT took a step to support liquidity in the private sector bond market.

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Borsa haftaya yükselişle başladı

The BIST 100 index on Borsa Istanbul started the first trading day of the week with a 0.57 percent increase at 11,180.31 points. On the same day, the Central Bank of the Republic of Turkey announced a new regulation aiming to support liquidity in the private sector bond market.

The BIST 100 index on Borsa Istanbul rose by 63.33 points and 0.57 percent compared to the previous close, reaching 11,180.31 points. While the index lost 0.92 percent in Friday's transactions and finished the day at 11,116.99 points, at the opening, the banking index gained 0.41 percent and the holding index gained 0.19 percent. Among sector indices, metal goods machinery gained the most with 3.59 percent, while financial leasing factoring declined the most with 3.96 percent.

While global markets started the week with a mixed course due to geopolitical risks and selling pressure on technology companies, eyes turned to the interest rate decisions of the US, European and Japanese central banks. Meanwhile, the Central Bank of the Republic of Turkey (CBRT) took a step to support liquidity in the private sector bond market. According to the letter sent to banks, Turkish lira loans to be extended for the purpose of paying off debt instruments issued domestically in Turkish liras by private sector institutions other than banks, which will mature until the end of the year, were exempted from the credit growth limit. With this regulation, the CBRT aims to support macro-financial stability and liquidity management.

Sources