Moving in an upward trend in the first half of the day, the BIST 100 index increased by 41.14 points to 5.053.48 as of 13.00, compared to the previous close. Total transaction volume amounted to TL 18.9 billion.
The banking index gained 0.34 percent and the holding index gained 1.08 percent. Among the sector indices, the highest gain was food and beverage with 2.40 percent, and the most declining was communication with 0.64 percent.
Analysts stated that in global stock markets, central banks continue to seek direction with uncertainties regarding monetary policies, and this week, investors’ focus is on the intense data agenda, especially the monetary policy decisions of the Bank of Japan (BoJ) and growth in the USA and Europe.
While the steps to be taken by the US Federal Reserve (Fed) in the fight against inflation continue to be in the focus of investors, the concerns that the Bank may increase interest rates more than market expectations negatively affect the risk appetite.
Analysts stated that the Chicago Fed national activity index and Dallas Fed manufacturing industry index data will be followed in the afternoon in the USA, and noted that technically, 5,000 and 4.980 levels in the BIST 100 index are support and 5.100 and 5.150 points are resistance.