The stock market remained horizontal in the first half of the day

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Lerato Khumalo

The BIST 100 index in Borsa Istanbul lost 0.02 percent of its value in the first half of the day, falling to 14,187.31 points.

In the first half of the day, the BIST 100 index fell to 14,187.31 points as of 13:00, with a decrease of 2.64 points and 0.02 percent compared to the previous closing.

The total transaction volume was 73.6 billion lira. While the banking index lost 0.06 percent of its value, the holding index gained 0.53 percent.

Among the sector indices, the highest rise was mining with 4.19 percent, and the biggest loss was trade with 1.56 percent.

Global markets are mixed as the re-escalating tension in the Middle East increases inflation concerns and the US Federal Reserve (Fed) meeting minutes draw attention to risks that may require “hawkish” steps by officials.

Analysts stated that weekly money and bank statistics in the country, weekly unemployment benefit applications in the USA and second-hand house sales will be followed abroad for the rest of the day, and noted that technically, 14,100 and 14,000 points in the BIST 100 index are support and 14,400 and 14,500 points are resistance.