The BIST 100 index at Borsa Istanbul started the day at a record level, rising by 1.25 percent to 14,677.26 points.
BIST 100 index at Borsa Istanbul, which followed a buying-oriented trend yesterday, closed the day at 14,495.77 points, gaining 0.88 percent in value.
The index rose to 14,677.26 points at the opening today, with an increase of 181.49 points and 1.25 percent compared to the previous closing. The banking index gained 2.01 percent and the holding index gained 0.97 percent.
Among the sector indices, the one that gained the most was financial leasing factoring with 2.37 percent, and the one that decreased the most was securities investment trust with 1.19 percent.
Following US President Donald Trump’s decision to briefly suspend the Freedom Project, which is described as an aid initiative for the passage of ships stranded in the Strait of Hormuz, he declared that great progress had been made towards reaching a final agreement with Iran, which revived the risk appetite in the markets.
Strong company balance sheets also gave additional impetus to the markets supported by technology stocks.
Although it is too early to say that geopolitical risks have completely disappeared in the short term, it is estimated that the decrease in geopolitical risks and the possible decline in oil prices may be comforting for the markets. For this reason, new statements from the US-Iran line, the course of oil prices and the expectations for technology companies, especially during the balance sheet season, are expected to be decisive in terms of whether the risk appetite will be maintained today.
Analysts stated that the domestic data agenda is calm today, and that ADP private sector employment in the USA, Producer Price Index (PPI) and service sector and composite PMI data in the Eurozone will be followed abroad, and noted that technically, 14,700 and 14,800 points in the BIST 100 index are resistance, and 14,500 and 14,400 levels are support.
