BIST 100 index in Borsa Istanbul closed the day positively, led by banking stocks; annual inflation fell below 30 percent.
AI-generated summary
According to TÜİK data, annual inflation fell below 30 percent for the first time since November 2021.
While the BIST 100 index increased by 173.73 points compared to the previous closing, the total transaction volume was 118.3 billion lira.
The banking index gained 2.82 percent and the holding index gained 1.44 percent.
Among the sector indices, the biggest gainer was banking with 2.82 percent, and the biggest loss was financial leasing factoring with 6.74 percent.
In global markets, a mixed trend is observed due to the impact of high bond interest rates and concerns about France's public finances, while the US service sector Purchasing Managers Index (PMI) data falling below expectations supports purchases.
Domestically, Borsa Istanbul's BIST 100 index completed the day on a positive note, led by banking stocks.
According to Turkish Statistical Institute (TUIK) data, the Consumer Price Index (CPI) increased by 1.84 percent on a monthly basis and 29.73 percent on an annual basis in September.
While monthly inflation remained below the 2.18 percent expectation in the AA Finance Inflation Expectation Survey, annual inflation fell below 30 percent for the first time since November 2021.
Analysts stated that the real effective exchange rate and monthly price developments report in the country will be followed tomorrow, while factory orders in Germany, retail sales in the Eurozone and foreign trade balance in the USA will be followed abroad, and noted that technically, 12,600 and 12,700 points in the BIST 100 index are resistance and 12,300 and 12,200 points are support.
AI outlook — possibilities, not facts
Resistance levels of 12,600 and 12,700 points will be monitored in the BIST 100 index.
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