Stock Market Opens Strong with Morning Increase – Latest Update
The Borsa Istanbul Stock Exchange (BIST) started the day on a positive note, with the BIST 100 index rising by 37.61 points and 0.39 percent compared to the previous close. This increase brought the index to 9,737.17 points at the opening.
The banking index saw a gain of 0.44 percent, while the holding index also rose by 0.30 percent. Among sector indices, communications saw the highest increase at 0.87 percent, while the insurance sector was the only one to experience a decline, dropping by 0.51 percent.
After a downward trend the day before, the BIST 100 index closed with a loss of 0.73 percent yesterday, settling at 9,699.56 points.
Global markets are showing positivity as investors await the release of US inflation data, which may prompt the US Federal Reserve (Fed) to consider reducing interest rates by 50 basis points.
Analysts are keeping an eye on industrial production and unemployment rate data in Turkey today. From a technical perspective, the 9,800 and 10,000 levels in the BIST 100 index are seen as resistance points, while the 9,600 and 9,500 levels serve as support.
Overall, the stock market is showing signs of resilience and optimism, with investors monitoring key economic indicators both globally and domestically.
