BIST 100 Index Gains 1.45%, Boosted by Transportation Sector; Market Awaits Key Economic Reports from CBRT and Global Data
Borsa Istanbul’s BIST 100 index closed the day up by 1.45%, reaching 10,024.31 points, marking a significant recovery. The index rose by 143.08 points compared to the previous close, with a total trading volume of ₺92.6 billion. Despite the banking sector index falling by 0.11%, the holding index saw a notable increase of 1.45%. Among the sectors, transportation led the gains with a 5.49% rise, while the trade sector lagged, dropping by 0.76%.
Analysts pointed out that the market’s positive trajectory was influenced by dovish statements from the Federal Reserve (Fed) and the Bank of Japan (BoJ), which alleviated recession fears among investors. As a result, global markets showed an upward trend.
Looking ahead, investors are set to focus on domestic reports, including the Central Bank of the Republic of Turkiye’s (CBRT) third Inflation Report of the year, and key global economic indicators such as Japan’s current account balance and U.S. weekly jobless claims. Analysts highlighted that the BIST 100 index faces resistance at 10,100 and 10,200 points, with support levels at 9,800 and 9,750 points.
Source: Trthaber / Prepared by Irem Yildiz
