BIST 100 index closes the day with a rise on Borsa Istanbul
While the BIST 100 index recorded an increase compared to the previous close, sectoral changes in the markets and global developments were monitored.
The BIST 100 index completed the day with an increase of 11.02 points compared to the previous close, while the total trading volume reached the level of 99.6 billion liras.
Change in the Index and Trading Volume
The BIST 100 index showed an increase of 11.02 points compared to the previous close. As a result of the transactions carried out throughout the day, the total trading volume was recorded as 99.6 billion liras.
Gains and Losses on a Sectoral Basis
The banking index gained 0.02 percent in value, while the holding index lost 1.29 percent in value.
Among the sector indices, mining was the one that provided the highest gain with 2.16 percent, while financial leasing factoring suffered the most loss with 8.50 percent.
Developments in Global Markets
Purchases towards artificial intelligence companies and news that the US and Iran are working on a phased plan to end the war positively supported risk appetite.
High oil prices and the US 10-year bond yield remaining above 5 percent were among the factors limiting the upward trend in the markets.
Expectations of Market Analysts
Analysts stated that economic confidence index, unemployment rate, and foreign trade balance data will be monitored domestically in the coming week.
Abroad, it was stated that a busy data agenda, primarily manufacturing PMI worldwide and non-farm employment in the US, will be followed.
Technical Levels and Resistance Points
According to technical evaluations, the 13,000 and 13,100 point levels are in the position of resistance in the BIST 100 index.
In the same analysis, it was noted that the 12,800 and 12,700 point levels are support points for the index.
Operation Developments in Bursa
On the other hand, it was reported that 12 people were detained within the scope of the investigation regarding a 1.4 billion lira cooperative fraud in an operation carried out in Bursa.