ISE opened over 42,000 initial resistance level on the back of the positive closings of the US market and traded within the 41,500-42,000 band throughout the day. Activity was extremely limited on the index stocks while the performance of TCELL shares determined the direction of the index. Together with the FED President Mr. Bernanke’s remarks and mild readings in the US data , the ISE100 index climbed back to the blue zone in line with the global markets. The index preserved its stance towards to close and completed the day at 41,831 level, adding 0,46%.
Ahead of Central Bank’s interest rate decision on Thursday and on the day of Treasury’s buy-back auction with value date of 15/05/08 for the 02/07/08 and 16/07/08 maturity bonds, the bond market started the trading day with 19,45% compound level with sell-offs. 13/01/10 maturity benchmark bond reached to lowest at 19,41% compound and highest at 19,61%. In the buy-back auction of 02/07/08 maturity bond the maximum price occured as 102.360 whereas the price for 16/07/08 maturity bond released as 97.200.
