The BIST 100 index, which was fluctuating in the first half of the day, increased by 15.28 points to 4,966.63 as of 13:00, compared to the previous close. Total transaction volume amounted to TL 38.1 billion.

While the banking index gained 0.55 percent, the holding index lost 0.37 percent. Among the sector indices, mining was the highest earner with 4 percent, and the highest losing one was sports with 1,74 percent.

Along with the announced growth data, a positive trend is also observed in Borsa Istanbul.

The Turkish economy grew by 4 percent in the first quarter of the year. Having grown for 11 consecutive quarters, the Turkish economy thus managed to become the second highest growing country among the Organization for Economic Cooperation and Development (OECD) countries and the third in the G20.

Analysts stated that the risk perception continues to strengthen with the increasing uncertainties in the global stock markets, recession and inflation dilemma, and reported that the positive news flow regarding the debt limit crisis in the USA has eroded the risk perception, albeit limited.

Stating that inflation in Germany, the number of JOLTS vacant jobs in the USA and the Fed’s Beige Book Report will be followed in the afternoon, analysts noted that technically, 5,000 and 5,200 levels in the BIST 100 index are resistance and 4,900 points are support.

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