Business

Turkey: The stock market rose in the first half of the day

BIST 100 index in Borsa Istanbul started the day at 2,181.76 points with an increase of 0.43%. The index rose by 0.78% in the first half of the day to 2,189.43 points.

In the first half of the day, the BIST 100 index in Borsa Istanbul increased by 0.78% to 2,189.43 points.

Moving in an upward trend in the first half of the day, the BIST 100 index rose 16.95 points to 2,189.43 as of 13:00, compared to the previous close. The total transaction volume was realized at the level of ₺13.7 billion.

In the first half, the banking index gained 0.01% and the holding index gained 1.85%. Among the sector indices, the holding that earned the most was tourism, and the most declining was 1.60%.

Analysts stated that although the Russia-Ukraine war continues to be the main risk factor for global stock markets, the negotiations have eroded the risk perception.

Analysts said that the news from the meeting between the Russian and Ukrainian officials in Istanbul may increase the volatility in asset prices, and that the speeches of the officials of the US Central Bank and the European Central Bank are also on the agenda.

Analysts stated that the speech of the Central Bank of the Republic of Turkey (CBRT) Chairman Sahap Kavcioglu will be followed at the general assembly meeting of the bank, and that the consumer confidence index in the USA, the number of JOLTS job vacancies and housing sales came to the fore on the data agenda.

Analysts stated that technically, 2.150 and 2.130 levels in the BIST 100 index are in the support position and 2.195 points are in the resistance position.

Source: NTV / Translated by Irem Yildiz

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