While the BIST 100 index increased by 406.19 points compared to the previous closing, the total transaction volume was 202.3 billion lira.
The banking index gained 3.59 percent and the holding index gained 2.57 percent.
Among the sector indices, the biggest gainer was financial leasing factoring with 6.60 percent, and the only loser was informatics with 2.74 percent.
Global markets are following a positive trend with the support of the news flow regarding the agreement signed between the USA and Iran, despite the negative effects caused by the strengthening of predictions that the bank may increase interest rates this year following the interest rate decision of the US Federal Reserve (Fed).
While the Fed kept the policy rate constant in the range of 3.5-3.75 percent at the first Federal Open Market Committee (FOMC) meeting held under the leadership of new Chairman Kevin Warsh, projections pointed to the possibility of an interest rate increase in 2026. Warsh stated that inflation is above the 2 percent target and emphasized their determination on price stability. Analysts reported that refraining from forward guidance increased uncertainty, but the statements supported the tight monetary policy stance.
On the geopolitical side, the 14-article memorandum of understanding between the USA and Iran, which stipulates stopping the war and solving the problems between the parties through negotiations, was signed digitally by Iranian President Massoud Pezeshkian and US President Donald Trump.
Following the signing of the memorandum of understanding, the parties are expected to begin a 60-day negotiation process in a short time on issues such as Iran’s nuclear program and the removal of sanctions in order to reach a final agreement.
Analysts stated that the capacity utilization rate, real sector confidence index and international investment position will be monitored in the country tomorrow, that the markets abroad will be closed in the USA and China, that the Consumer Price Index in Japan, the Producer Price Index in Germany and the retail sales data in the UK will be monitored. They noted that technically, 14,900 and 15,000 points in the BIST 100 index are resistance and 14,700 and 14,600 points are support.
