Stock Market on the Rise | Borsa Istanbul News

BIST 100 index on Borsa Istanbul gained 0.09 percent in the first half of the day, reaching 9,945.66 points.

BIST 100 index, which had an upward trend in the first half of the day, rose to 9,945.66 points as of 13:00, up 8.90 points compared to the previous close. Total transaction volume was 30.3 billion liras.

The banking index gained 0.09 percent and the holding index gained 0.12 percent.

Among the sector indices, the one that gained the most was the securities investment trust with 1.21 percent, while the one that fell the most was the main metal industry with 0.95 percent.

While global markets are on a negative course as data released in the US fuels concerns that economic activity may slow down more sharply than anticipated, data from the US employment report has become the focus of investors today.

While uncertainties continue regarding the magnitude of the interest rate cuts that the US Federal Reserve (Fed) will take in the upcoming period, it is anticipated that the signals to be received from employment data today may increase volatility in the markets.

Today, the Turkey assessment report, which is expected to be released by the international rating agency Fitch Ratings after the markets close, will also be closely followed domestically.

Analysts stated that the Treasury cash balance will also be monitored domestically today, and non-farm employment, unemployment rate and average hourly earnings in the US abroad will be monitored abroad, and noted that technically, the 10,100 and 10,200 levels in the BIST 100 index are resistance, while the 9,900 and 9,800 point levels are support.

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