BIST 100 Gains 4.12% as Transport and Banks Rally
Turkey’s benchmark index rose 454.58 points, with every sector gaining and transport leading the advance.
Key takeaways
- The BIST 100 rose 4.12% to finish the session higher.
- Transport gained 8.58%, the biggest rise among sector indexes.
Turkey’s BIST 100 rose 4.12%, or 454.58 points, to finish the session higher. The index reached 11,588.86 during the day, while trading volume totaled 184.3 billion lira.
All sector indexes advanced. Banking stocks gained 5.15%, holding companies rose 3.66%, and transport led with an 8.58% increase.
Global markets also traded higher amid reduced uncertainty after the U.S. midterm election results and lower oil prices, according to the report. Analysts said investors would watch weekly Turkish money and banking data, euro-area producer prices, the Bank of England’s rate decision, and speeches by its governor and the European Central Bank president.
Analysts identified 11,200 and 11,300 as resistance levels for the BIST 100, and 10,900 and 10,700 as support levels.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
