BIST 100 index on Borsa Istanbul gained 0.06 percent in the first half of the day, reaching 9,571.54 points.
In the first half of the day, BIST 100 index rose by 5.79 points compared to the previous close at 13:00, reaching 9,571.54 points. Total transaction volume was 24.8 billion liras.
The banking index lost 0.41 percent and the holding index lost 0.42 percent.
Among the sector indices, the one that gained the most was communications with 2 percent, while the one that fell the most was mining with 2.73 percent.
In global markets, although US Federal Reserve (Fed) Chairman Jerome Powell gave the green light to interest rate cuts last week, uncertainties regarding the steps the bank will take by the end of the year make pricing difficult.
While it is almost certain in money market pricing that the bank will cut interest rates by 100 basis points by the end of the year, it is anticipated that a 50 basis point rate cut could be made at the meeting in November.
Analysts stated that the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) summary domestically, and the housing price index in the US, the New York Fed consumer confidence index and the Richmond Fed manufacturing industry index data abroad will be followed in the afternoon, and noted that from a technical perspective, 9,500 and 9,450 points are support in the BIST 100 index, while 9,650 and 9,700 are resistance levels.
