Lately, there have been dynamic days in the stock market that has struggled to surpass the 10,000 point mark. With the leadership of banks, the BIST 100 index approached 11,000 points. Istanbul Stock Exchange approached the 11,000 points mark. The stock market, which has been struggling to surpass the 10,000 point mark for a while due to higher deposit interest rates, low foreign demand, and weak company balance sheets, has reactivated. The index approached the 11,000 point level. Analysts noted that the expectations of the Central Bank continuing interest rate cuts have been influential in the rise. They also stated that hopes of an improvement in inflation have contributed positively. The stock market rose by nearly 4% weekly, while the monthly increase exceeded 10%. The banking sector stood out in the rise. Banks rose by close to 16% in the last month, partly due to interest rate cuts. On the other hand, holdings increased by 12%. Furthermore, foreign investors also returned to the stock market with strong buying. Last week, foreign investors made a net stock purchase of 302 million dollars. Analysts warned of the positive impact of the chaotic order created by Trump on the stock market and pointed out that relations between the European Union and Turkey have accelerated in recent times.
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