BIST started the 100th day with an increase

BIST 100 index at Borsa Istanbul, which followed a buying-oriented trend on Friday, closed the day at 12,270.18 points, gaining 0.17 percent in value.

The index rose to 12,373.11 points at the opening today, with an increase of 102.93 points and 0.84 percent compared to the previous closing. While the banking index gained 0.81 percent in value, the holding index decreased by 0.39 percent.

Among the sector indices, the bank gained the most and the one that decreased the most was financial leasing factoring, with 6.76 percent.

Global markets started the week on a mixed note, as the weak employment data announced in the USA strengthened the expectations that the US Federal Reserve (Fed) will not make additional tightening this month, but the tensions in the Middle East limited the risk appetite.

On the other hand, domestic inflation data will be followed today. Economists participating in the AA Finance Inflation Expectations Survey estimate that the Consumer Price Index (CPI) will increase by 2.18 percent in September. According to the average inflation expectations of economists for September (2.18 percent), annual inflation, which was 31.51 percent in August, is expected to decrease to 30.16 percent in September.

Analysts stated that domestic inflation, producer inflation data in the Eurozone and global Purchasing Managers Index (PMI) data will be followed today, and noted that technically, 12,200 and 12,100 points in the BIST 100 index are support and 12,500 and 12,600 points are resistance.