Stock market rose in the first half of the day

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Lerato Khumalo

BIST 100 index in Borsa Istanbul gained 2.70 percent in the first half of the day and reached 13,519.49 points.

BIST 100 index, which moved in an upward trend in the first half of the day, rose to 13,519.49 points as of 13:00, an increase of 355.61 points and 2.70 percent compared to the previous closing.

Total transaction volume was 119.5 billion lira. The banking index gained 1.92 percent and the holding index gained 2.88 percent.

In the sector indices, the highest increase was mining with 5.95 percent, and the only decrease was financial leasing factoring with 4.66 percent.

Increasing optimism that progress can be made in the negotiations between the USA and Iran and the public offering initiatives of important companies support the risk appetite in global markets.

The BIST 100 index at Borsa Istanbul completed the first half of the day on a positive note, with widespread support purchases following its lowest level of 12,966.26, despite starting the day negatively.

Analysts stated that weekly money and bank statistics in the country and consumer confidence index data of the University of Michigan in the USA will be followed for the rest of the day, and stated that technically, 13,600 and 13,700 points in the BIST 100 index are in a resistance position, and 13,400 and 13,300 points are in a support position.