BIST 100 Index Surges to Unprecedented Levels Amid Mixed Market Trends
Borsa Istanbul’s BIST 100 index reached a historic high of 11,252.11 points in the first half of the day. By 13:00, the index stood at 11,189.74 points, reflecting a gain of 55.67 points or 0.50% from the previous close. The total trading volume was recorded at ₺52.2 billion.
Despite the overall rise, the banking index fell by 0.40%, while the holding index saw a modest increase of 0.15%. Among sector indices, forestry, paper, and printing gained the most with a 2.25% increase, whereas the food and beverage sector experienced the biggest drop, losing 1.31%.
Analysts noted a mixed trend in global stock markets, driven by selling pressure on technology stocks worldwide. They highlighted that today’s focus is on the European Central Bank’s (ECB) monetary policy decisions.
Analysts also mentioned that key international economic data, especially the ECB’s interest rate decision, would be closely monitored. From a technical perspective, resistance levels for the BIST 100 index are at 11,250 and 11,350 points, while support levels are identified at 11,000 and 10,900 points.
Source: AA / Prepared by Irem Yildiz