Stock market started the day with an increase

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Lerato Khumalo

BIST 100 index at Borsa Istanbul started the day with a 0.10 percent increase at 14,124.18 points.

BIST 100 index at Borsa Istanbul, which followed a buying-oriented trend yesterday, closed the day at 14,110.14 points, gaining 2.96 percent in value. The index achieved its highest daily increase since June 15, exceeding the 14,000 point level.

The index rose to 14,124.18 points at the opening today, with an increase of 14.05 points and 0.10 percent compared to the previous closing. While the banking index remained flat, the holding index increased by 0.07 percent.

Among the sector indices, the one that gained the most was textile leather with 2.41 percent, and the one that decreased the most was trade with 0.58 percent.

In global markets, although moderate inflation data in the USA supports risk appetite, the lack of a clear statement from the parties regarding a new ceasefire in the Middle East limits optimism.

On the other hand, all eyes in the country turned to the “Balance of Payments” data with the 3rd Inflation Report information meeting of the year to be held by the Central Bank of the Republic of Turkey (CBRT).

Economists participating in the AA Finance Balance of Payments Expectations Survey estimated that the current account would have a deficit of 4 billion 918.2 million dollars in June. Economists predicted that the current account would have a deficit of 52 billion 391 million dollars this year.

Analysts stated that the CBRT Inflation Report, current account balance and money and bank statistics will be followed in the country today, and the intensive data agenda, especially the PPI in the USA, will be followed abroad today, and noted that technically, 14,200 and 14,300 points in the BIST 100 index are in a resistance position, while 14,000 and 13,900 points are in a support position.