The stock market remained flat in the first half of the day.


Lerato Khumalo

BIST 100 index at Borsa Istanbul gained 0.02 percent in the first half of the day, reaching 10,772.99 points.

In the first half of the day, the BIST 100 index rose to 10,772.99 points, an increase of 1.63 points compared to the previous closing, as of 13:00. The total transaction volume was 44.8 billion lira.

While the banking index gained 0.13 percent, the holding index lost 0.49 percent.

Among the sector indices, the one that gained the most was construction with 1.00 percent, and the one that decreased the most was textile leather with 3.35 percent.

Analysts stated that despite the increased expectations that the US Federal Reserve (Fed) may cut interest rates twice this year, a mixed course was observed in the global share markets, with cautious guidance from bank officials, and that the intense data agenda, especially growth data, in the US this week will focus on investors. He said he was settled.

While domestic attention is focused on the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) this week, all economists participating in AA Finance’s expectation survey expect the CBRT to keep the policy rate constant at 50 percent at the Monetary Policy Committee (PPK) meeting to be held on Thursday, June 27. waiting.

Stating that Dallas Fed manufacturing industry index data will be followed in the afternoon in the USA, analysts noted that technically, 10,800 and 10,900 levels in the BIST 100 index are resistance, and 10,700 and 10,600 points are support.