BIST 100 index at Borsa Istanbul started the day at 13,889.42 points with an increase of 0.59 percent.
BIST 100 index at Borsa Istanbul, which followed a buying-oriented trend on Friday, closed the day at 13,808.20 points, gaining 4.89 percent in value.
The index rose to 13,889.42 points at the opening today, with an increase of 81.22 points and 0.59 percent compared to the previous closing. The banking index gained 0.76 percent and the holding index gained 0.65 percent.
Among the sector indices, the biggest gainer was transportation with 3 percent, and the biggest decrease was chemistry, petroleum plastics with 0.77 percent.
While global markets started the week on a positive note with the statements that the USA and Iran are close to reaching an agreement, some stock exchanges, especially the USA and the UK, will be closed for trading today due to the public holiday.
US President Donald Trump stated that the negotiations with Iran were proceeding in an orderly and constructive manner and pointed out that they would not rush to reach a good agreement, strengthening the expectations that the parties could leave the reconciliation table by shaking hands.
The White House stated that they were in a “good point” for a possible agreement between the USA and Iran, but that it could take days to complete the agreement, and the New York Times (NYT) newspaper’s claim that the USA and Iran had reached an agreement on the “re-opening of the Strait of Hormuz” fed these optimisms.
With these developments, the expectations of the two countries that the Strait of Hormuz will become fully operational again and the oil supply will continue uninterrupted will be strengthened.
Analysts stated that the economic confidence index data will be followed in the country today, while the data agenda is calm abroad, and noted that technically, the 13,900 and 14,000 levels in the BIST 100 index are resistance, and the 13,700 and 13,600 points are support.
