The stock market rose in the first half of the day

//

Lerato Khumalo

BIST 100 index at Borsa Istanbul gained 1.72 percent in the first half of the day, reaching 9,741.95 points.

BIST 100 index, which had an upward trend in the first half of the day, rose to 9,741.95 points as of 13:00, up 164.49 points compared to the previous close. Total transaction volume was 31.9 billion liras.

The banking index gained 1.52 percent and the holding index gained 1.81 percent.

Among the sector indices, the one that gained the most was trade with 3.99 percent, while the one that fell the most was sports with 0.42 percent.

A positive trend is observed in global markets ahead of tomorrow’s monetary policy decisions of the US Federal Reserve (Fed).

Analysts stated that retail sales, industrial production and capacity utilization rate data in the US will be followed in the afternoon, and noted that technically, the 9,800 and 9,900 levels in the BIST 100 index are resistance, while 9,700 and 9,600 points are support.