Stock market rose in the first half of the day

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Lerato Khumalo

BIST 100 index in Borsa Istanbul gained 0.62 percent in the first half of the day and rose to 14,420.56 points.

BIST 100 index, which moved in an upward trend in the first half of the day, rose to 14,420.56 points as of 13:00, with an increase of 89.35 points and 0.62 percent compared to the previous close.

The total transaction volume was 86.8 billion lira. While the banking index lost 0.95 percent of its value, the holding index gained 0.11 percent.

Among the sector indices, the highest rise was food and beverage with 1.59 percent, and the biggest loser was tourism with 0.98 percent.

While the risk appetite has recovered in the global markets, with the predictions of final peace in the Middle East and the balance sheet of Micron Technology, one of the world’s leading semiconductor and memory chip manufacturers, being better than expected, reducing the question marks regarding the artificial intelligence and technology sector, all eyes are on the personal consumption expenditures (PCE) price index and growth data to be announced in the USA today.

Analysts stated that, for the rest of the day, weekly money and bank statistics in the country and growth and personal consumption expenditures in the USA as well as an intensive data agenda will be followed abroad, and noted that technically, 14,600 and 14,700 points in the BIST 100 index are in a resistance position, while 14,200 and 14,100 points are in a support position.