Borsa Istanbul Stock Exchange Starts the Day with an Increase

At the opening of the stock exchange, the BIST 100 index started the day with a 0.35% increase, reaching 8,941.46 points.

During the opening, the BIST 100 index gained 31.23 points and 0.35% in value compared to the previous close, reaching 8,941.46 points.

The banking index gained 0.37%, and the holding index rose by 0.22%. Among the sector indices, the sports sector showed the highest gain with 1.13%, while the investment trust sector experienced the most decline with 0.76%.

Following a sales-weighted trend in the Istanbul Stock Exchange yesterday, the BIST 100 index closed the day with a 1.75% loss, ending at 8,910.23 points.

Analysts noted that global equity markets have been experiencing a mixed trend due to ongoing uncertainties regarding when the Federal Reserve (Fed) will begin interest rate cuts. Today, attention is focused on the Producer Price Index (PPI) data to be released in the United States.

Analysts also indicated that weekly monetary and banking statistics will be monitored domestically, while in the United States, weekly jobless claims and retail sales data will also be followed. From a technical perspective, analysts pointed out that the BIST 100 index has resistance levels at 9,000 and 9,100 points, with support levels at 8,900 and 8,800 points.

source: prepared by Melisa Beğiç

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