BIST 100 index on Borsa Istanbul closed the day with an increase

The BIST 100 index recorded an increase of 79.95 points compared to the previous close, and the total trading volume in the market amounted to 190.1 billion liras.

Sectoral changes

While the banking index gained 0.77 percent, the increase in the holding index stood at 0.93 percent.

Among sector indices, financial leasing factoring was the top gainer with 2.91 percent, while the technology sector was recorded as the biggest loser with 2.08 percent.

Course of global markets

Global markets are following a mixed trend as interest rate hike expectations revive following strong employment data announced in the United States.

Non-farm payrolls in the US increased by 162 thousand people in August, coming in above market expectations, while the unemployment rate remained stable at 4.1 percent.

Agenda to be followed next week

Analysts stated that the Central Bank of the Republic of Turkey Monetary Policy Committee interest rate decision, current account balance, and market participants survey will be monitored domestically next week.

Abroad, it was stated that a busy data calendar will be followed, primarily inflation data in the US and growth data in the Euro Area.

Technical analysis and resistance levels

Market experts stated that technically, the 14,100 and 14,200 point levels are in the position of resistance for the BIST 100 index.

It was noted that in possible pullbacks, the 13,900 and 13,800 point levels will be monitored as support points.