Economy in Turkey: Borsa Istanbul starts the day with an increase
The BIST 100 index began with a rise of 0.74%, starting at 9,716.25 points. The banking index saw a 1.01% increase, while the holding index rose by 0.28%. Among the sector indices, financial leasing factoring gained the most with 1.84%, while sports suffered the most with a 5.30% loss.
Analysts noted a positive trend in global stock markets, led by technology stocks, despite ongoing uncertainty about the timing of interest rate cuts by the Federal Reserve. Investor attention is focused on the upcoming earnings reports from major companies such as IBM, Boeing, and Meta.
Meanwhile, Turkish Treasury and Finance Minister Mehmet Şimşek commented on his recent visit to the United States for the International Monetary Fund (IMF) and World Bank Spring Meetings, stating that investor interest in Turkey was significant due to the country’s efforts in strengthening macroeconomic fundamentals through disinflation, structural reforms, and fiscal discipline.
Looking ahead, domestic investors will monitor indicators such as capacity utilization rate, real sector confidence index, short-term external debt statistics, and housing price index, while international investors will watch for Germany’s Ifo business climate index and durable goods orders data from the United States. From a technical standpoint, analysts highlight resistance levels at 9,800 and 9,900 points for the BIST 100 index, with support levels at 9,600 and 9,500 points.
