Stock market started the day with an increase

BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend on Friday, lost 3.64 percent of its value and finished the day at 10,759.56 points.

The index rose to 10,765.09 points at the opening today, with an increase of 5.52 points and 0.65 percent compared to the previous closing. While the banking index gained 0.51 percent, the holding index lost 0.17 percent.

Among the sector indices, the biggest gainer was tourism with 0.73 percent, and the biggest decrease was financial leasing factoring with 4.38 percent.

Global markets started the week with cautious optimism, in which political, geopolitical and economic developments, especially the midterm elections in the USA, will intensify.

While the ongoing Congressional midterm elections in the USA highlight the impact of political developments on asset pricing, the focus of the markets is whether President Donald Trump's administration will be able to maintain its majority in Congress.

On the other hand, Muhsin Atcı, Chairman of the Tax Inspection Board, was appointed as the Chairman of the Capital Markets Board (CMB), Ersin Başar Ekmekci was appointed as the Deputy Chairman, and Yasemin Girici was appointed as a member.

Analysts stated that the manufacturing industry Purchasing Managers Index (PMI), weekly money and bank statistics in the country, and the manufacturing industry PMI data to be announced abroad will be followed today. Analysts noted that technically, 10,900 and 11,000 points in the BIST 100 index are resistance and 10,600 and 10,500 points are support.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)