Stock market started the day with an increase

BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend yesterday, finished the day at 12,122.94 points, losing 2.03 percent of its value.

The index rose to 12,161.68 points at the opening today, with an increase of 38.74 points and 0.32 percent compared to the previous closing. The banking index lost 0.14 percent and the holding index lost 0.47 percent.

Among the sector indices, the highest gain was chemistry, petroleum plastics with 1.03 percent, and the biggest decline was financial leasing factoring with 6.08 percent.

Global markets are trending negatively due to the strengthening expectation that the US Federal Reserve (Fed) may raise interest rates again by the end of the year and the rising tensions with new attacks in the Middle East.

Geopolitical tensions in the Middle East continue to challenge asset prices. Yesterday's news flow that the White House asked the Pentagon to develop attack options against Iranian targets that could be carried out before the midterm elections on November 3 fueled concerns about new attacks in the region.

Analysts stated that the Istanbul Economic Forum, weekly money and bank statistics will be followed in the country today, and weekly unemployment benefit applications and wholesale stocks data in the USA will be followed abroad, and noted that technically, 12,300 and 12,400 points in the BIST 100 index are resistance and 12,000 and 11,900 points are support.