BIST 100 index, which reached an all-time high of 11,186.45 points in the first half of the day, gained 57.72 points and 0.48 percent compared to the previous close at 13:00 and reached 11,117.57. Total transaction volume was 50 billion liras.
The banking index gained 1.77 percent and the holding index gained 0.44 percent.
Among the sector indices, the one that gained the most was sports with 3.76 percent, and the one that lost the most was communications with 2.07 percent.
Analysts said that although US Federal Reserve (Fed) Chairman Jerome Powell stated yesterday that they did not want to be late in starting to cut interest rates, the increasing possibility that Donald Trump will win the presidency in the US and the concerns that trade wars and geopolitical risks may rise again made it difficult to find direction in global stock markets.
The shooting attack of former US President Trump, who is running for president from the Republican Party, while addressing his supporters from the podium at a rally in Pennsylvania over the weekend has affected both the course of the presidential race and expectations for future economic policies.
Analysts said the attack had the potential to cause further political strife in the United States, but also increased Trump’s chances of winning the presidential race.
Analysts stated that this situation is expected to affect the economic policies that the US will follow in the future, and that the possibility that trade wars, which were particularly prominent during the Trump era, may come back to the agenda has caused increased selling pressure in the stock markets of some countries, especially China.
On the other hand, Fed Chairman Powell’s statements yesterday caused pricing in the money markets to become clearer, and it is now considered certain that the Bank will cut interest rates at least twice by the end of the year.
Powell said in his speech at the Economic Club of Washington yesterday that the three-month data for the second quarter of this year “reinforced some confidence” that inflation had slowed to 2 percent.
Analysts stated that retail sales data in the US will be followed in the afternoon, and noted that from a technical perspective, the resistance levels in the BIST 100 index are 11,200 and 11,300 points, while the support levels are 11,000 and 10,900.
