Moving in an upward trend in the first half of the day, the BIST 100 index increased by 115.76 points to 5.040.40 as of 13.00, compared to the previous close. Total transaction volume stood at TL 25.7 billion.

The banking index gained 1.88 percent and the holding index gained 2.02 percent. While all sector indices rose, construction was the highest earner with 3.34 percent.

According to the balance of payments data announced by the Central Bank of the Republic of Turkey (CBRT), Turkey’s current account had a deficit of 8 billion 783 million dollars in February, while a surplus of 834 million dollars was formed in the current account, excluding gold and energy.

Analysts stated that global stock markets started the new week cautiously with the increasing uncertainties regarding monetary policies in the USA, and noted that the inflation data to be announced on Wednesday in the country are expected to have an impact on the direction of asset prices.

Reminding that the non-farm employment data announced on Friday in the USA was in line with the expectations with 236,000, analysts said that this situation significantly changed the market expectations regarding the decisions to be taken by the US Federal Reserve (Fed) in the May meeting.

Analysts reported that before the data, the probability of the Bank’s 25 basis point rate hike next month, which was at the level of 45 percent in money markets pricing, increased to 64 percent after the data.

Stating that wholesale stocks in the USA will be followed in the afternoon, analysts noted that technically, the BIST 100 index 4.900 and 4.850 levels are support and 5.050 points are resistance.

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