Business · Markets · 11 hrs ago

Turkey’s BIST 100 rises as tourism stocks lead gains

Turkey’s BIST 100 rises as tourism stocks lead gains

Turkey’s BIST 100 stock index closed higher, gaining 367.56 points from its previous close.

Total trading volume reached 119.8 billion lira.

Tourism was the strongest sector, rising 4.59%, while financial leasing and factoring fell 5.29%, the only sector to lose ground.

Banking shares gained 1.83% and holding companies rose 2.81%.

The index’s direction matters to investors because analysts identified 11,900 and 12,000 points as resistance levels, and 11,600 and 11,500 as support levels.

Investors will next watch Turkey’s business confidence and factory capacity data, as well as trade figures from Japan and inflation in the UK.

1 source

Related