Borsa Istanbul opened the week with a record high! The upward trend continues.

The BIST 100 index rose to 10,467 points. (AA) While all sector indices rose, the biggest gainer was chemicals, petroleum, and plastics, with a 1.33 percent gain.

Global markets are trending positively, fueled by rising expectations that the US Federal Reserve (Fed) Chair Jerome Powell will cut interest rates in September following dovish messages. This sentiment was reflected in domestic markets, with the BIST 100 index opening the week at a record high.

The chemicals, petroleum, and plastics sector saw the highest rise at the opening of the Borsa Istanbul. (AA) Meanwhile, the Central Bank of the Republic of Turkey announced that, effective August 23, renewals and openings of Currency-Protected Deposit Accounts for individuals will be suspended.

Analysts stated that the real sector confidence index, manufacturing industry capacity utilization rate will be monitored domestically today, while construction permits in the US, the Chicago Fed national activity index, and the Dallas Fed manufacturing industry index will be monitored internationally. They noted that from a technical perspective, the 11,600 and 11,700 levels in the BIST 100 index are resistance levels, while 11,400 and 11,300 points are support levels.