The BIST 100 index at Borsa Istanbul completed the day with a gain of 2.23%

The BIST 100 index increased by 226.37 points compared to the previous close, with a total trading volume of 86.5 billion Turkish Lira.

The banking index increased by 0.42% and the holding index gained 2.17%.

Among the sector indices, trade gained the most, up by 6.26%, while communication was the only loser, down by 0.17%.

Analysts stated that global equity markets showed a mixed trend despite signs of inflation slowing down in the US yesterday, following the Federal Reserve’s reduction of its expected interest rate cuts from 3 to 1 this year, and domestic markets diverged positively.

Analysts noted that tomorrow, market participants will follow the survey of the Central Bank of the Republic of Turkey (CBRT) in the domestic market, and in the international market, they will follow the Bank of Japan (BoJ) interest rate decision, European Central Bank (ECB) President Christine Lagarde’s statements, industrial production in Japan, foreign trade balance in the Eurozone, and the University of Michigan Consumer Confidence Index in the US.

Analysts highlighted the expectation that the BoJ will keep interest rates steady tomorrow, and they noted that clues regarding the bank’s future steps will be sought from the verbal guidance of President Kazuo Ueda.

From a technical perspective, analysts stated that 10,500 and 10,600 levels are resistance, while 10,300 and 10,200 points are support levels for the BIST 100 index.

source: prepared by Melisa Beğiç

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