Buying accelerated in Borsa Istanbul, led by banks. The BIST 100 index surpassed 9,700 points with an increase of more than 4%.

The positive trend continues in the stock market on the second day of the week.

Buyings accelerated in the BIST 100 index led by banking after a rise in the morning.

The BIST 100 index saw 9,728 points with an increase of over 4%. The banking index gained more than 5% in value.

Analysts noted that technically, the BIST 100 index has resistance at the levels of 9,500 and 9,600, with supports at 9,400 and 9,300 points.

FLEXIBILITY IN STOCK BUYBACKS FOR BANKS
The Banking Regulation and Supervision Agency (BRSA) granted flexibility to banks in stock buyback. According to the decision, the shares banks buy back will not be deducted from their core capital.

GLOBAL MARKETS
In global markets, the tariff decisions of US President Donald Trump continue to make it difficult for markets to find direction. Uncertainties regarding the effects of the US’s protectionist trade attitude worldwide, along with the dilemma of inflation and recession, remain the main agenda items for economies.