Stock Market on the Rise | Borsa Istanbul News

BIST 100 index, which had an upward trend in the first half of the day, rose to 9,782.32 points as of 13:00, up 11.16 points compared to the previous close. Total transaction volume was 29 billion liras.

The banking index lost 1.14 percent and the holding index lost 0.12 percent.

Among the sector indices, the one that gained the most was food and beverages with 2.13 percent, while the one that fell the most was mining with 1.43 percent.

Analysts stated that a negative trend was observed in global stock markets as the data announced in the US fed the concerns of a recession in the economy, and that all eyes were turned to the inflation data to be announced in the US in the new week.

While uncertainties continue regarding the magnitude of the steps that the US Federal Reserve (Fed) will take by the end of the year, the flow of macroeconomic data in the country and the verbal guidance of the authorities are being closely monitored.

Analysts stated that the US wholesale stocks and consumer inflation expectations data will be followed abroad in the afternoon, and noted that from a technical perspective, the 9,900 and 10,000 levels in the BIST 100 index are resistance, while the 9,600 and 9,500 point levels are support.