Business · Markets · 11 hrs ago

BIST 100 ends higher after late buying

BIST 100 ends higher after late buying

Turkey’s BIST 100 index closed higher on the first trading day of the week, after falling during the day.

It rose 34.97 points, and the day’s trading volume was 104.1 billion lira.

Late buying helped lift the index, in line with gains in global markets.

Banking shares rose 1.98%, while metal goods and machinery gained 3.79%; financial leasing and factoring fell 5.36%.

Lower oil prices supported global markets, while investors also watched for the US Federal Reserve’s interest-rate decision, economic data and major technology companies’ results this week.

Unemployment data in Turkey and several US economic indicators are due the next day, including consumer confidence, building permits and durable-goods orders.

Analysts identified 11,300 and 11,400 points as resistance levels for the BIST 100, and 11,000 and 10,900 as support levels.

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AnalystsMarket analysts
Technically, 11,300 and 11,400 points are resistance levels for the BIST 100 index, while 11,000 and 10,900 points are support levels.
via Habertürk