Istanbul Stock Market completes day with an increase of 3.30 percent on September 25, 2023
BIST 100 index in Borsa Istanbul gained 3.30% and finished the day at 8,304.83 points. The BIST 100 index increased by 265.65 points compared to the previous closing. The total trading volume was recorded as 157.6 billion Turkish liras.
The banking index gained 2.55%, and the holding index increased by 2.22%. Among the sector indices, the one that gained the most was the stone, soil, and mining sector with 7.52%, while the sports sector declined by 0.41%.
According to reports, analysts mentioned that global stock markets had a mixed performance due to increasing concerns about the possibility of the U.S. Federal Reserve (Fed) raising interest rates again for the rest of the year. They also stated that this week, investors were focused on a busy economic data agenda.
According to analysts, the domestic economic data agenda will be quiet tomorrow. In foreign markets, attention will be given to new home sales, the Conference Board consumer confidence index, and the Richmond Fed Manufacturing Index in the United States. From a technical perspective, the 8,400 level is considered a resistance point for the BIST 100 index, while 8,000 and 7,900 are seen as support levels.
