The stock market exceeded 117,000 points in the first half of the day

BIST 100 index in Borsa Istanbul rose by 3.47 percent to 116,796.57 points in the first half of the day.

The BIST 100 index, which moved in an upward trend in the first half of the day, increased by 3,920.52 points compared to the previous closing at 13:00, reaching 116,796.57 points, while the total transaction volume was at the level of 8.2 billion lira.

In the first half, the banking index gained 5.57 percent and the holding index gained 2.90 percent. While all sector indices rose in the first half of the day, banking was the biggest gainer.

BIST 100 index, which started the day with an increase due to the increasing global risk appetite, reached 117,055.81 points, its highest level since March 27, 2018, led by banking stocks, which were positively affected by the decline in exchange rates and bond interest rates.

While the compound interest of the 2-year benchmark bond decreased to 11.56 percent, its lowest level since August 2017, dollar/TL decreased by 1.2 percent to 5.8690.

Analysts stated that the tension between the USA and Iran decreased after US President Donald Trump’s statements last night, and that a parallel rise in world stock markets and declines in oil and gold prices were observed.

Analysts stated that the introduction of economic sanctions instead of mutual military attacks and the understanding that diplomacy will return with the emphasis on NATO increased optimism in the markets, and said that the positive trend in Turkish lira assets can be expected to continue.

Analysts stated that the weekly unemployment applications data in the USA will be followed in the afternoon and noted that technically the 117,300 level in the BIST 100 index is in a resistance position.

Source: https://www.aa.com.tr/tr/ekonomi/borsa-gunun-ilk-yarisinda-117000-puanin-uzerini-gordu/1697599

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