The stock market started the day with an increase

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Lerato Khumalo

BIST 100 index on Borsa Istanbul started the day with a 0.17 percent increase at 9,537.20 points.

At the opening, BIST 100 index rose by 16.16 points and 0.17 percent compared to the previous close, reaching 9,537.20 points.

While the banking index lost 0.01 percent, the holding index gained 0.21 percent. The sector index that gained the most was textile and leather with 0.73 percent, and the communication index that fell the most with 0.86 percent.

Following a fluctuating course yesterday, the BIST 100 index in Borsa Istanbul closed the day with a 1.08 percent gain at 9,521.04 points.

In global markets, a mixed trend is evident on the last trading day of the week, as risk perception has decreased due to increasing expectations of a “soft landing” following the Producer Price Index (PPI) data announced yesterday in the US.

Analysts stated that the Central Bank of the Republic of Turkey (TCMB) Market Participants Survey will be followed domestically today, and the industrial production in the Eurozone and the University of Michigan consumer confidence index in the US will be followed abroad, and noted that from a technical perspective, the 9,600 and 9,750 points in the BIST 100 index are resistance levels, while the 9,450 and 9,400 points are support levels.