
BIST 100 index started the day with a record-breaking 0.39% increase, starting at 8,810.69 points. At the opening, the BIST 100 index reached 8,810.69 points with a 33.99 point and 0.39% increase.
Both the banking index with a 0.31% increase and the holding index with a 0.36% increase contributed to the positive market sentiment. Among the sector indices, the banking sector stood out as the most profitable sector with a significant increase of 2.17%, while the only sector that showed a slight decrease was investment trusts with a 0.18% decrease.
The Borsa Istanbul BIST 100 index continued its upward trend from the previous nine trading days, closing yesterday with a gain of 1.28% at 8,776.70 points. This achievement marked the highest daily closing in the history of the stock exchange. The index even reached its highest level of the day at 8,784.21 points.
Market analysts point out that global stock markets have predominantly experienced a downward trend due to concerns that the strong performance of the US economy might delay the Federal Reserve’s interest rate cuts. In addition, China’s commitment to supporting its stock markets has softened risk perceptions in Asia. Today, domestic markets will closely monitor the real effective exchange rate, while international markets will focus on Germany’s factory orders and retail sales data for the Eurozone.
From a technical perspective, the BIST 100 index has resistance at 8,850 and 8,900 levels, and support at 8,700 and 8,600 points.
As Borsa Istanbul reaches new milestones, dynamic market conditions and global economic factors continue to shape Turkey’s financial landscape. Investors closely observe market dynamics, particularly focusing on key sectors and external economic indicators.