Stock market rose in the first half of the day

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Lerato Khumalo

BIST 100 index in Borsa Istanbul gained 0.36 percent in the first half of the day, reaching 12,979.33 points.

BIST 100 index, which moved in an upward trend in the first half of the day, increased by 45.92 points and 0.36 percent compared to the previous close, reaching 12,979.33 points as of 13:00.

The total transaction volume was 70.9 billion lira. The banking index lost 0.45 percent and the holding index lost 0.32 percent.

Among the sector indices, the highest increase was securities and investment trusts with 2.68 percent, and the highest decrease was communications with 1.11 percent.

While global markets followed a mixed course due to increasing geopolitical tension in the Middle East and continuing concerns about energy supply, Borsa Istanbul’s BIST 100 index completed the first half of the day with buyers, led by defense stocks parallel to European stock markets.

Analysts stated that in the rest of the day, in addition to geopolitical developments and news flow from the Middle East, the real effective exchange rate index and the CBRT Monthly Price Developments Report will be followed in the country and the intensive data agenda abroad, especially ADP private sector employment in the USA, stated that technically, 13,100 and 13,200 points in the BIST 100 index are resistance and 12,900 and 12,800 points are support. did.