Business is booming.

The stock market started the week with a rise.

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At the opening, the BIST 100 index rose to 2,619.81 points, gaining 18.56 points and 0.71 percent compared to the previous close.

The banking index rose 0.58 percent and the holding index rose 0.69 percent. While all department indices rose at the opening, construction was the highest earner with 5.24 percent.

BIST 100 index, which saw its all-time high with 2,623.17 points on Friday, declined with the profit selling that increased its effect at these levels, and closed the day at 2,601.25 points, quickly below the previous close.

NORMALIZATION INCREASED RISK ATTITUDE

Analysts said that inflation fluctuations continue to have an impact on the direction of asset prices, and that the latest macroeconomic data announced in the USA calmed the recession panics and that it started to become normal again after China took the new type of coronavirus epidemic under control to a large extent, increasing the risk appetite.

Stating that investors are focusing on the US inflation data to be announced on Friday this week and the European Central Bank (ECB) meeting to be held on Thursday, the analysts said that the information agenda abroad is calm today, and the real effective exchange rate information will be followed in the country.

Analysts reported that, technically, 2,620 and 2,650 levels in the BIST 100 index stood out as resistance and 2,560 points as reinforcements.

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