In Borsa Istanbul, the BIST 100 index gained 0.61% in the first half of the day, reaching 9,010 points. By 1:00 PM, the BIST 100 index had risen to 9,010.38 points, an increase of 54.35 points from the previous close, with a total trading volume of 32.6 billion Turkish lira. While the banking index lost 0.45% in the first half, the holding index gained 1.05%. Among sector indices, securities investment trusts gained the most with 3.71%, while telecommunications declined the most by 0.94%. Global markets were mixed ahead of a heavy schedule of data releases today, notably including the European Central Bank’s interest rate decision, while attention domestically focused on the Turkish Central Bank’s monetary policy decisions. Economists expect the Central Bank to keep its policy rate unchanged at 50% in October, with the median year-end policy rate expectations calculated at 47.50%. Analysts stated that today’s focus would be on the Central Bank domestically and the ECB’s interest rate decision internationally, along with a busy data agenda. From a technical standpoint, they noted that 9,100 and 9,200 levels are resistance for the BIST 100 index, while 8,850 and 8,710 points are considered support levels.
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