Istanbul Stock Exchange Gains: Index Finished the Day Positively

Uncertainties in Global Markets

In global markets, the U.S. federal government shutdown and European political uncertainties have created a mixed trend, hindering investor purchases. Domestically, the adverse conditions that have persisted since last week continued to affect Borsa Istanbul.

Negative Start for BIST 100

In the first trading day of the week, the BIST 100 index closed down %1.14 at 10,734.87 points. This situation shocked investors and created a negative atmosphere.

Signs of Recovery in BIST 100 Index

Today, however, the BIST 100 index showed signs of recovery, rising by %0.06 to 10,741.77 points at the beginning of the session. The banking index gained %0.25, while the holding index increased by %0.12. The sector that saw the highest increase was tourism, rising by %0.82, while the biggest decline was in financial leasing and factoring, down %5.28.

Stock Exchange Finished the Day with an Increase

During the first half of the day, the BIST 100 index was on an upward trend and reached 10,772.32 points with a %0.35 gain by 1:00 PM. During this period, the trading volume was recorded at 44.7 billion lira. In the later hours of the day, the BIST 100 index closed at 10,814.11 points, up %0.74. During the day, the index reached a high of 10,847.37 points and saw a low of 10,717.31 points.

Technical Analysis and Support-Resistance Levels

Analysts indicate that, from a technical perspective, important resistance levels for the BIST 100 index are at 10,900 and 11,000 points, while support levels are highlighted at 10,700 and 10,600 points. Movements below these levels are among the factors that investors need to pay attention to.