The stock market started the day with an increase

//

Lerato Khumalo

BIST 100 index on Borsa Istanbul started the day with a 0.24 percent increase at 9,911.41 points.

At the opening, BIST 100 index rose by 23.66 points and 0.24 percent compared to the previous close, reaching 9,911.41 points.

The banking index gained 0.23 percent and the holding index gained 0.17 percent. The sector index that gained the most was the main metal industry with 1.48 percent, and the one that fell the most was tourism with 0.40 percent.

Yesterday, the BIST 100 index in Borsa Istanbul, which followed a sales-heavy course, closed the day with a 0.13 percent loss of value at 9,887.75 points.

While question marks persist in global markets regarding the magnitude of the steps the US Federal Reserve (Fed) will take in the coming period, expectations that the US economy may make a “soft landing” are feeding risk appetite.

Analysts stated that the real sector confidence index and capacity utilization rate will be monitored in Turkey today, the Ifo business confidence index in Germany, the housing price index in the USA, the New York Fed consumer confidence index and the Richmond Fed manufacturing industry index will be monitored abroad, and noted that from a technical perspective, the 10,010 and 10,130 levels in the BIST 100 index are resistance, while the 9,840 and 9,730 points are support.