Borsa Istanbul Started the Day with an Increase: Developments in the Markets

Positive Start in Borsa Istanbul

Today, investors in Borsa Istanbul made a positive start to the day, creating an optimistic environment. The BIST 100 index, which showed a weak trend in recent weeks, had lost 0.27% at yesterday's close. However, on the last trading day of the week, despite developments against investors, it rose by 0.10% at the opening to 10,737.92 points.

Geopolitical Developments and Economic Concerns

In global markets, optimistic expectations that the two-year high geopolitical tension in the Middle East may come to an end with a ceasefire agreement have the potential to increase risk appetite worldwide. However, the ongoing budget disputes in the United States are limiting investors' willingness to take risks, causing fluctuations in global markets.

Sector Performances and Increases

At the opening, the banking index gained 0.21% and the holding index increased by 0.19%, providing hope to investors. Meanwhile, the sector index that showed the most increase was securities investment trusts, which rose by 0.79%. On the other hand, the financial leasing factoring sector experienced a notable decline of 5.81%.

Financial Data and Technical Analysis

Today, financial data for the second quarter is expected to be released domestically, while in international markets, the University of Michigan consumer sentiment index in the U.S. will be monitored. Additionally, due to the federal government shutdown, it has been stated that there will be no data flow from public institutions today.

From a technical perspective, it is also worth noting critical levels for the BIST 100 index. Resistance levels stand out at 10,800 and 10,900 points, while support levels are determined at 10,700 and 10,600 points.