Stock market hit record level in the first half of the day
BIST 100 index in Borsa Istanbul reached its highest level in the first half of the day to 4,776.05 points.
After hitting an all-time high with 4,776.05 points, the BIST 100 index became 4,767.14 points with a value increase of 110.13 points and 2.37 percent compared to the previous close as of 13:00. Total transaction volume stood at TL 65.9 billion.
In the first half, the banking index gained 6.66 percent and the holding index gained 1.66 percent. Among the sector indices, banking was the most profitable, and the most declining was sports with 1.79 percent.
Analysts stated that despite the stronger expectations that inflation has peaked in the USA, global stock markets were mixed due to increased geopolitical risks, and noted that Borsa İstanbul maintained its positive divergence.
Stating that the housing price index in the country and retail sales in the USA, industrial production and capacity utilization data abroad will be announced in the afternoon, the analysts said that the verbal guidance of the US Federal Bank and European Central Bank officials is also in the focus of the investors.
Analysts said that from a technical point of view, 4.650 and 4.600 levels in the BIST 100 index are in the support position and 4.800 points are in the resistance position.