BIST 100 index in Borsa Istanbul increased by 0.66 percent in the first half of the day and reached 9,951.10 points.
BIST 100 index, which moved in an upward trend in the first half of the day, increased by 65.05 points compared to the previous closing, reaching 9,951.10 points as of 13.00. The total transaction volume was 36.3 billion lira.
The banking index increased by 0.55 percent and the holding index increased by 0.32 percent.
Among the sector indices, the one that gained the most was insurance with 2.93 percent, and the one that decreased the most was communications with 1.64 percent.
Global markets are following a positive trend with the effect of the buying trend, led by technology stocks, after US Federal Reserve (Fed) Chairman Jerome Powell announced that the US economy is in good shape and this provides them with policy space for interest rate cuts.
While the data announced in the USA strengthened the optimism that the country’s economy could make a “soft landing”, Powell’s statement that the economy was in good condition and that there was no obstacle to its continuation fed the risk appetite in the markets.
On the other hand, the US non-farm employment data to be announced tomorrow is also expected to have an impact on the direction of the markets.
Analysts stated that weekly money and bank statistics in the country and weekly unemployment benefit applications and foreign trade balance in the USA will be followed in the afternoon, and noted that technically, 10,000 and 10,150 points in the BIST 100 index are in a resistance position, and 9,800 and 9,600 levels are in a support position.
