BIST 100 index at Borsa Istanbul started the day at 14,235.63 points with an increase of 0.24 percent.
BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend yesterday, completed the day at 14,201.05 points, losing 0.36 percent of its value.
The index rose to 14,235.63 points at the opening today, with an increase of 34.58 points and 0.24 percent compared to the previous closing. The banking index gained 0.10 percent and the holding index gained 0.29 percent.
Among the sector indices, the biggest gainer was securities investment trust with 0.91 percent, and the only loser was informatics with 0.12 percent.
While optimism that a compromise can be reached between the USA and Iran continues in global markets, risk appetite remains weak due to investors’ tendency to reduce positions before the weekend.
Geopolitical developments in the Middle East continue to be decisive on pricing in global markets. While optimism remains that positive results can be obtained from the talks to establish a permanent ceasefire between the USA and Iran, investors’ search for more clarity on the process and their cautious stance against the news flow that may occur over the weekend limit risk appetite.
US President Donald Trump stated that Israel and Lebanon agreed to a 10-day ceasefire and said that they are very close to making an agreement with Iran.
Analysts stated that “peace” pricing continues, albeit weakly, in the markets, but it is difficult to eliminate ongoing uncertainties on topics such as the nuclear program, the reopening of the Strait of Hormuz and the high trend of oil prices in the short term.
Stating that the CBRT’s market participants survey, short-term external debt statistics and housing sales statistics will be followed today, and the current account balance and foreign trade balance data in the Eurozone will be followed abroad, analysts noted that technically, 14,300 and 14,400 points in the BIST 100 index are resistance, while 14,100 and 14,000 points are support.
