Istanbul Stock Exchange ends the day with an increase of 0.16 percent

In Borsa Istanbul, the BIST 100 index completed the day at 8,159.90 points, gaining 0.16 percent in value. While the BIST 100 index increased by 13.41 points compared to the previous closing, the total trading volume was at the level of 146 billion Turkish liras.

The banking index lost 1.85 percent, and the holding index lost 0.38 percent. Among sectoral indices, construction was the biggest gainer with 5.20 percent, while financial leasing and factoring recorded the largest loss with 5.21 percent.

According to reports, analysts stated that a positive trend was observed yesterday in global equity markets, driven by the rise in technology stocks in the United States, but today investors were behaving relatively more cautiously.

Analysts also noted that the impact of supply disruptions in the energy sector could be seen in tomorrow’s inflation data, and if inflation came in higher than expected, there could be an increased likelihood of the Federal Reserve (Fed) raising interest rates by the end of the year.

From a technical standpoint, analysts noted that the BIST 100 index has resistance levels at 8,200 and 8,300, with 8,000 points serving as support.