BIST 100 Opens 1.22% Higher as Broad Buying Lifts Shares
The index climbed to 11,157.86 at the open, with mining leading sector gains and financial leasing and factoring lagging.
Key takeaways
- The BIST 100 rose 1.22% to 11,157.86 at the open.
- Mining gained 4.24%, while financial leasing and factoring fell 2.57%.
Borsa Istanbul’s BIST 100 rose 1.22% at the open on Nov. 4, reaching 11,157.86, up 134.42 points from its previous close. The index had ended the prior session 0.56% higher at 11,023.55.
Mining led sector gains, rising 4.24%, while financial leasing and factoring fell 2.57%. The banking index added 1.88%, and the holding index gained 1.24%.
Unofficial U.S. midterm results showed Democrats taking a majority in the House after the Senate. Global markets were trading lower, as investors viewed the prospect of tighter oversight of technology and AI companies as a downside risk for stocks and the dollar.
Analysts highlighted domestic real effective exchange-rate data, euro-area inflation, U.S. private-sector employment and the U.S. trade balance. They put resistance for the BIST 100 at 11,300 and 11,400 points, and support at 11,000 and 10,900.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
