Stock market started the day with an increase

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Lerato Khumalo

BIST 100 index at Borsa Istanbul started the day with an increase of 0.35 percent at 14,535.11 points.

BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend yesterday, finished the day at 14,484.91 points, losing 0.71 percent of its value.

The index rose to 14,535.11 points at the opening today, with an increase of 50.20 points and 0.35 percent compared to the previous closing. The banking index gained 0.49 percent and the holding index gained 0.44 percent.

Among the sector indices, mining was the one that gained the most with 0.74 percent, and securities investment trust was the one that decreased the most with 1.37 percent.

While global markets are following a mixed course with uncertainties arising from geopolitical risks arising from the US/Israel-Iran War, all eyes are on the second round of negotiations between the US and Iran, which are expected to take place in Islamabad, the capital of Pakistan.

Hopes that tensions between the parties would ease limited the negative reactions seen in the markets. Analysts stated that markets did not react as pessimistically to negative news as feared.

Stating that the markets remain reluctant to price negative scenarios, analysts said that the news coming from Iran will be decisive on the direction of the markets.

Analysts stated that the real sector confidence index and capacity utilization rate will be followed domestically today, and the Zew economic confidence index in Germany, retail sales and pending housing sales in the USA will be followed abroad, and noted that technically, 14,600 and 14,700 points in the BIST 100 index are resistance, while 14,400 and 14,300 points are support.