Türkiye’s BIST 100, Türkiye’s benchmark stock index, rose 1.32% Friday, recovering from the prior session’s decline as banking shares advanced and metal goods and machinery recorded the market’s largest sector increase, Anadolu Agency (AA) reported.
The index added 149.33 points to close at 11,482.60, with trading turnover of 134.8 billion Turkish liras. The banking index rose 1.94%, and the holding index climbed 1.01%.
Metal goods and machinery had the strongest sector performance, up 5.39%. Communications fell 2.03%, the largest sector decline.
AA reported that the benchmark dropped 1.26% Thursday to 11,333.27. AA reported that the benchmark gained 4.12% Wednesday to 11,478.13. EconoTimes previously covered the BIST 100’s midweek gain.
AA also reported that October U.S. nonfarm employment exceeded forecasts, strengthening market expectations for a Federal Reserve rate increase in December.
For next week, analysts cited by AA pointed to Türkiye’s industrial production figures, the inflation report from the Central Bank of the Republic of Türkiye (CBRT), current-account data and the CBRT’s Market Participants Survey. They also identified inflation figures from the United States and China, along with euro area growth data, as upcoming releases.
