The stock market remained horizontal in the first half of the day

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Lerato Khumalo

BIST 100 index in Borsa Istanbul remained horizontal in the first half of the day.

In the first half of the day, BIST 100 index decreased by 0.03 points to 9,996.16 points as of 13:00 compared to the previous closing. The total transaction volume was 36.3 billion lira.

The banking index gained 0.66 percent and the holding index gained 0.39 percent.

Among the sector indices, the biggest gainer was tourism with 0.86 percent, and the biggest loser was food and beverage with 1.07 percent.

A mixed course stands out in global markets, as question marks regarding the possible effects of the trade tariffs that Donald Trump, who became the president of the United States, stated that he will impose on the economy, increased the risk perception.

Analysts stated that the data agenda would be calm in the country in the afternoon, and that the leading index would be followed in the USA as well as the speech of European Central Bank (ECB) President Christine Lagarde in the Eurozone, and that 9,950 and 9,900 points in the BIST 100 index would be technically supportive. He noted that 10.100 and 10.150 levels are in resistance position.