Moving in an upward trend in the first half of the day, the BIST 100 index increased by 34.43 points to 6,605.70 as of 13:00, compared to the previous close. Total transaction volume stood at TL 51.8 billion.

The banking index gained 0.51 percent and the holding index gained 0.53 percent. Among the sector indices, insurance was the highest earner with 2.80 percent, and the most declining was tourism with 1.16 percent.

Analysts stated that global stock markets continue to seek direction with mixed signals from companies’ financial results during the ongoing balance sheet season in the USA, adding that today the Central Bank of the Republic of Turkey (CBRT) policy rate decision is in the focus of investors.

Pointing out the importance of the signals to be taken from the policy text regarding today’s decision of the CBRT, the analysts stated that the volatility in the markets may increase after the decision.

On the other hand, in a statement made by the Presidency’s Directorate of Communications, it was reported that 13 documents were signed and accepted between Turkey and the UAE within the scope of President Recep Tayyip Erdoğan’s visit, with the amount of agreements amounting to 50.7 billion dollars.

Analysts stated that weekly monetary and bank statistics in the country, consumer confidence index abroad, second-hand house sales in the USA and Philadelphia Fed manufacturing index data will be followed, and noted that technically, 6.700 and 6.800 levels in the BIST 100 index are resistance and 6.600 and 6.500 points are support.

Economists participating in the expectations survey of AA Finans predict that the CBRT will increase the one-week repo auction rate (policy rate) by 500 basis points to 20 percent.

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