Borsa Istanbul Stock Exchange Started the Day with an Increase

The BIST 100 index at Borsa Istanbul started the day with a 0.06% increase, reaching 9,184.63 points.

At the opening, the BIST 100 index gained 5.15 points and 0.06% compared to the previous close, rising to 9,184.63 points.

While the banking index increased by 0.10%, the holding index recorded a 0.03% decrease. Among the sector indices, information technology was the highest gainer with 0.58%, while tourism was the biggest loser with 1.03%.

Yesterday, the BIST 100 index, which followed a selling trend, completed the day with a 1.66% loss at 9,179.48 points.

Analysts noted that uncertainty about when the Federal Reserve (Fed) will start cutting interest rates continues in global stock markets. They mentioned that a cautious trend is observed before the growth data to be announced in the United States today.

On the other hand, the news flow regarding the meetings to be held by Treasury and Finance Minister Mehmet Şimşek and Central Bank of the Republic of Turkey (CBRT) Governor Fatih Karahan at the G20 Finance Ministers and Central Bank Governors Meeting is also in focus for investors today.

Analysts stated that economic confidence index and foreign trade statistics will be followed domestically today, and consumer confidence index in the Eurozone and growth data in the United States will be monitored internationally. They also noted that from a technical perspective, the resistance levels for the BIST 100 index are at 9,200 and 9,300, while support levels are at 9,100 and 9,000.

source: prepared by Melisa Beğiç

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