In Borsa Istanbul, the BIST 100 index rose by 0.70 percent in the first half of the day, reaching 9,027 points. By 1:00 pm, the BIST 100 index had increased by 62.51 points from the previous close to reach 9,026.61 points. The total trading volume was 30.3 billion Turkish lira. The banking index gained 1.72 percent, while the holding index increased by 0.56 percent. Among sector indices, banking saw the highest gains, while electricity recorded the biggest decline at 0.81 percent.

Global markets are showing a mixed trend amid concerns that the Federal Reserve may slow down its easing process following higher-than-expected inflation figures in the U.S. Increased confidence in the easing of inflationary pressures in the U.S. gave way to a cautious stance after the inflation data was released yesterday. According to the balance of payments data announced by the Central Bank of the Republic of Turkey, the current account recorded a surplus of 4.324 million dollars in August 2024. This marks the highest monthly current account surplus since August 2019, and it is the first time that the balance of payments has been in surplus for three consecutive months since 2021.

According to the Market Participants Survey conducted by the Central Bank of the Republic of Turkey, the expected increase in the Consumer Price Index (CPI) for the end of the year rose to 44.11 percent, while it decreased from 27.49 percent to 27.44 percent for the next 12 months and from 18.38 percent to 18.08 percent for the following 24 months. Analysts mentioned that the Producer Price Index (PPI) and the University of Michigan Consumer Confidence Index will be followed in the U.S. in the afternoon. From a technical perspective, they noted that the resistance levels for the BIST 100 index are at 9,165 and 9,300, with support at 8,870 and 8,710 points.