Stock market rose in the first half of the day

The BIST 100 index, which followed a volatile course in the first half of the day, rose by 30.49 points to 9,188.03 points as of 13:00, compared to the previous close. The total trading volume was 46.3 billion liras.

The banking index gained 1.63 percent, and the holding index gained 1.60 percent.

Among the sector indices, financial leasing and factoring was the top gainer with 5.89 percent, while securities investment trusts saw the biggest decline with 0.85 percent.

Analysts stated that global markets are following a mixed course as uncertainty increases regarding the future steps of the US Federal Reserve (Fed) after macroeconomic data released in the US indicated that economic activity remains strong.

Stating that the domestic data agenda is quiet today, while preliminary inflation in Germany and JOLTS job openings, factory orders, and durable goods orders in the US will be monitored abroad, analysts noted that from a technical perspective, the 9,200 and 9,300 levels are resistance, while 9,100 and 9,000 points are support levels for the BIST 100 index.

News Source: AA