The BIST 100 index on Borsa Istanbul started the day with a 0.22% increase, reaching 8,862.37 points, gaining 19.36 points compared to the previous closing.
The banking index recorded a 0.09% increase, and the holding index increased by 0.32%. Among the sector indices, communication gained the most with 0.58%, while insurance suffered the most significant loss with 5.22%.
Yesterday, Borsa Istanbul, which had a selling trend and ended the longest upward series since November 2022 with a 10-day consecutive rise, closed the day with a 0.29% loss at 8,843.01 points. The index reached its highest level at 8,939.72 points.
Analysts stated that despite uncertainties about the future policies of central banks in global equity markets, the continuation of companies’ earnings exceeding expectations during the intensive balance sheet period has dulled the risk perception.
Analysts pointed out that domestic attention is turned to the first “Inflation Report” meeting of the new President of the Central Bank of the Republic of Turkey (CBRT), Fatih Karahan, and stated that signals from the Inflation Report and Karahan’s statements could increase volatility in the markets.
Analysts noted that today, in addition to the Inflation Report in the domestic market, weekly money and banking statistics will be followed, and in the international arena, weekly jobless claims and wholesale goods inventory data will be monitored in the United States. They emphasized that technically, 8,890 and 9,000 points are resistance levels, while 8,750 and 8,620 levels serve as support for the BIST 100 index.
source: aa.com.tr / prepared by Melisa Beğiç