Daily Comment
23.06.2017

Global stock markets rose yesterday, thanks to oil prices edging up after their recent decline. The BIST100 closed at 100,072 with a daily advance of 0.7%; total trading volume was at TRY 4.4bn. Markets will follow May’s new home sales data from the US today, and meanwhile internally, the CBRT will announce the real sector confidence index and CUR figures. Asian markets have been flat today, and markets in Europe and elsewhere are also expected to open flattish. With the continuing decline in 10-year benchmark yields, we expect the BIST to test new record highs: Nonetheless, at such levels the possibility of profit takings could also increase. RESISTANCE LEVELS:  100,800 – 101,600 / SUPPORT LEVELS: 99,800 – 99,000.