Stock market started the day with an increase

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Lerato Khumalo

BIST 100 index at Borsa Istanbul started the day at 13,798.53 points with an increase of 0.69 percent.

BIST 100 index at Borsa Istanbul, which followed a buying-oriented trend yesterday, closed the day at 13,703.96 points, gaining 0.30 percent in value.

The index rose to 13,798.53 points at the opening today, with an increase of 94.57 points and 0.69 percent compared to the previous closing. The banking index gained 1.17 percent and the holding index gained 1.02 percent.

Among the sector indices, the highest gain was mining with 2.08 percent, and the biggest decrease was financial leasing factoring with 0.62 percent.

Global markets remain mixed as geopolitical risks related to the US/Israel-Iran War overshadow the AI ​​rally.

With no significant progress being made regarding peace between the USA and Iran, risk perception continues in global markets. While the rally led by artificial intelligence stocks carries the stock markets to record levels, the escalation of conflicts in the Middle East causes fluctuations in the markets.

While investors’ hopes for an agreement between the USA and Iran continue, energy prices remain on the agenda as the main determinant of the short-term outlook of inflation and interest rates due to the current conditions in the Strait of Hormuz.

Analysts stated that the data agenda is calm in the country today, and that the Consumer Price Index in the Eurozone and the number of JOLTS job vacancies in the USA will be followed abroad. Technically, 13,800 and 13,900 points in the BIST 100 index are in a resistance position, and 13,600 and 13,500 levels are in a support position.