The stock market ended the day with a rise – Latest News

While the BIST 100 index gained 217.76 points compared to the previous close, the total transaction volume reached 135.4 billion lira.

The banking index rose by 3.37 percent and the holding index by 1.48 percent.

Among the industry indices, the banking sector was the biggest winner, with mining the only loser at 0.37 percent.

Investors are focused on Powell's speech

While interest rate cut expectations from the US Federal Reserve (Fed) remained high in global markets, investors' focus turned to Fed Chairman Jerome Powell's speech.

The BIST 100 index also ended the day above 11,000 with a positive trend led by the banking index.

In addition, the Turkish economy grew by 3.7 percent in the third quarter of the year, recording its 21st consecutive quarter of growth.

Analysts said that the data agenda tomorrow will be quiet in the country and that the consumer confidence index in Japan, the house price index in the UK, the consumer price index (CPI) and the unemployment rate in the euro zone will be followed abroad, especially Fed Chairman Powell's speech in the US. Technically, 11,200 and 11,300 points in the BIST 100 index are considered resistance and 11,000 and 10,900 points are considered support. he explained.


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