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Stock market rose in the first half of the day

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The BIST 100 index in Borsa Istanbul rose by 0.05 percent in the first half of the day, reaching 8,902.30 points. Showing an upward trend in the first half of the day, the BIST 100 index rose to 8,902.30 points, an increase of 4.07 points compared to the previous close as of 13:00. The total trading volume was 26.4 billion Turkish lira. The banking index decreased by 0.85 percent, while the holding index lost 0.11 percent. Among the sector indices, insurance gained the most with 1.89 percent, while sports declined the most with 2.52 percent. In global markets, a cautious course was observed due to tensions in the Middle East and mixed signals about economic activity from the data released in the US. Today, the focus of investors shifted to the US employment report. While optimism about the US economy being able to experience a “soft landing” continues, signals from employment market data today are predicted to increase volatility in the markets. Analysts noted that the real effective exchange rate domestically in the afternoon, and non-farm employment, unemployment rate, and average hourly earnings in the US would be followed internationally. From a technical perspective, they indicated that 8,850 and 8,700 points are support levels in the BIST 100 index, while 9,000 and 9,100 levels are in a resistance position.

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