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

The BIST 100 index completed the day with a buyer-driven trend, increasing by 21.14 points compared to the previous close, while the total trading volume reached 124.8 billion liras.

Change in Index and Trading Volume

The BIST 100 index completed the session with an increase of 21.14 points compared to the previous close, while the total market trading volume was recorded at 124.8 billion liras.

Gains and Losses on a Sectoral Basis

The banking index lost 0.38 percent and the holding index lost 0.73 percent in value.

Among the sector indices, tourism was the top gainer with 3.43 percent, while the financial leasing and factoring sector suffered the highest loss with 7.13 percent.

Effects of Global Markets

The non-farm payrolls increase in the US in September remaining below expectations at 29 thousand weakened expectations that the US Federal Reserve would raise interest rates in October.

Purchases supported by the decline in bond yields and oil prices enabled a positive trend in global markets.

Domestic Developments and Board Decisions

At the second meeting of the Fund Coordination Board, the schedule for payments to fund investors was evaluated.

Giving instructions to relevant institutions in order to finalize the draft envisaging amendments to the Capital Markets Law was among the prominent developments.

Data to Be Followed Next Week

Analysts stated that inflation, real effective exchange rate, Treasury cash balance, and industrial production will be monitored domestically next week.

Abroad, the US foreign trade balance, FOMC meeting minutes, Eurozone producer inflation, and retail sales will be watched.

Technical Levels and Resistance Points

Experts conveyed that technically, the 12,400 and 12,500 point levels are in the position of resistance in the BIST 100 index.

In possible pullbacks, the 12,100 and 12,000 point levels will be monitored as support points.