Stock market rose in the first half of the day

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Lerato Khumalo

BIST 100 index in Borsa Istanbul gained 0.60 percent in the first half of the day and reached 14,396.99 points.

BIST 100 index, which moved in an upward trend in the first half of the day, increased by 85.80 points and 0.60 percent compared to the previous close, reaching 14,396.99 points as of 13:00.

The total transaction volume was 82.3 billion lira. While the banking index gained 0.49 percent in value, the holding index lost 0.1 percent.

Among the sector indices, the one that rose the most was financial leasing factoring with 5.22 percent, and the one that lost the most was communications with 1.19 percent.

Global markets are following a positive trend, as the decline in energy prices following the acceleration of ship traffic in the Strait of Hormuz, despite the deadlock in negotiations between the USA and Iran, supports the risk appetite.

Analysts stated that in the rest of the day, in addition to the news flow regarding the developments in the Middle East, the summary of the Monetary Policy Committee meeting of the Central Bank of the Republic of Turkey and the weekly money and bank statistics, as well as the intense data agenda abroad, especially personal consumption expenditures and growth in the USA, will be followed, and stated that technically, 14,500 and 14,600 points in the BIST 100 index are resistance and 14,300 and 14,200 points are support.