BIST 100 index in Borsa Istanbul gained 0.70 percent in the first half of the day, reaching 9,026.61 points.
In the first half of the day, the BIST 100 index rose to 9,026.61 points, an increase of 62.51 points compared to the previous closing, as of 13:00. The total transaction volume was 30.3 billion lira.
The banking index gained 1.72 percent and the holding index gained 0.56 percent.
Among the sector indices, the one that gained the most was banking, and the one that decreased the most was electricity, with 0.81 percent.
Global markets are following a mixed course due to concerns that the US Federal Reserve (Fed) may slow down the pace of the easing process after the inflation announced in the US was above expectations.
The increasing confidence that inflationary pressures in the USA have lost their strength for a while has been replaced by a cautious stance after the inflation data announced yesterday.
According to the balance of payments data announced by the Central Bank of the Republic of Turkey, the current account had a surplus of 4 billion 324 million dollars in August 2024.
While this data points to the highest monthly current account surplus since August 2019, the balance of payments has given a surplus for 3 consecutive months for the first time since 2021.
According to the Central Bank of the Republic of Turkey (CBRT) Market Participants Survey, the increase expectation in the Consumer Price Index (CPI) increased to 44.11 percent for the end of the year, while it increased from 27.49 percent to 27.44 percent for the next 12 months. e and 24 months later, it decreased from 18.38 percent to 18.08 percent.
Stating that the Producer Price Index (PPI) and the University of Michigan consumer confidence index will be followed abroad in the afternoon, analysts noted that technically, 9,165 and 9,300 levels in the BIST 100 index are resistance, while 8,870 and 8,710 points are support.
