BIST 100 index at Borsa Istanbul gained 1.48 percent in the first half of the day, reaching 9,919.16 points.
BIST 100 index, which had an upward trend in the first half of the day, rose to 9,919.16 points as of 13:00, up 144.67 points compared to the previous close. Total transaction volume was 31.1 billion liras.
The banking index gained 2.08 percent and the holding index gained 1.49 percent.
While all sector indices increased, mining gained the most with 2.21 percent.
While a positive trend is observed in global markets following the 50 basis point interest rate cut by the US Federal Reserve (Fed), today all eyes are on the monetary policy decisions of the Central Bank of the Republic of Turkey (CBRT).
The Fed said in a statement that the latest indicators show that economic activity continues to expand at a solid pace, adding that employment gains have slowed and the unemployment rate has risen but remained low.
On the other hand, all economists who participated in AA Finance’s expectations survey expect the CBRT to keep the policy rate unchanged at 50 percent in September.
The average of economists’ year-end policy rate expectations was calculated as 46.65 percent.
Analysts stated that in the afternoon, the interest rate decision of the Central Bank of Turkey and the weekly money and banking statistics will be followed in the country, and the interest rate decision of the Bank of England (BoE) in the UK, the current account balance in the US, weekly unemployment benefit applications, the leading index and second-hand home sales will be followed abroad. They noted that from a technical perspective, the 10,000 and 10,100 levels are resistance in the BIST 100 index, while the 9,800 and 9,700 points are support.
