Borsa Istanbul BIST 100 index started the day with an upward trend
The BIST 100 index on Borsa Istanbul started the day with a 0.09 percent increase, while geopolitical developments and declines in technology stocks affect global markets.
The BIST 100 index on Borsa Istanbul started the day at 12,161.15 points, up 10.48 points and 0.09 percent compared to the previous close. Following yesterday's sell-off-weighted course, markets have turned their attention to data releases.
Opening Figures
Following a sell-off-weighted course yesterday, the BIST 100 index on Borsa Istanbul had completed the day with a 0.94 percent loss at 12,150.67 points. In early trading, the index rose by 10.48 points and 0.09 percent compared to the previous close to 12,161.15 points.
Sectoral Distribution
While the banking index gained 0.41 percent at the opening, the holding index fell by 0.31 percent.
Among sector indices, the sports sector gained the most with 0.57 percent, while financial leasing and factoring declined the most with 4.73 percent.
Situation in Global Markets
Global markets are following a mixed course due to the escalation of geopolitical tensions in the Middle East and the declines seen in technology stocks.
Data to be Monitored
Analysts state that payment balance statistics will be monitored domestically today.
Abroad, the US ADP weekly private sector employment and existing home sales are in the focus of investors.
Technical Levels
Experts state that technically, 12,300 and 12,400 points are in the position of resistance for the BIST 100 index.
Additionally, 12,000 and 11,900 point levels are monitored as support points for the index.
Current Account Expectations
Economists participating in the AA Finance Balance of Payments Expectation Survey predict that the current account will record a surplus of 3 billion 502.9 million dollars in August.
Economists also expect the current account to post a total deficit of 48 billion dollars this year.