Moving in an upward trend in the first half of the day, the BIST 100 index rose 44.90 points to 4,606.84 as of 13:00, compared to the previous close. Total transaction volume amounted to TL 28.1 billion.
The banking index gained 5.32 percent and the holding index gained 2.07 percent. Among the sector indices, banking was the most profitable, and the most declining was sports with 5.99 percent.
Analysts stated that global stock markets followed a cautious course with the ongoing debt crisis in the USA and uncertainties regarding monetary policy, and said that the developments in the country’s economy continued to have an impact on asset prices.
In the USA, which has reached a debt limit of 31.4 trillion dollars that may lead to default, while the deadlock regarding the said limit continues, the White House announced that US President Joe Biden will meet with Congress leaders in this context today.
Stating that today’s verbal guidance from the US Federal Reserve (Fed) officials and the news flow regarding the debt crisis in the US will be followed, analysts noted that, technically, the BIST 100 index is 4,700 as resistance and 4,500 points as support.