Stock market started the day with an increase

BIST 100 index at Borsa Istanbul, which followed a buying-oriented trend yesterday, closed the day at 11,023.55 points, gaining 0.56 percent in value.

The index rose to 11,157.86 points at the opening today, with an increase of 134.42 points and 1.22 percent compared to the previous closing. The banking index gained 1.88 percent and the holding index gained 1.24 percent.

Among the sector indices, the biggest gainer was mining with 4.24 percent, the biggest decrease was financial leasing factoring with 2.57 percent.

In the US Congressional midterm elections, Democrats took the majority from Republicans in the House of Representatives after the Senate, according to unofficial results.

With this development, a sales-oriented trend is observed in global markets. In this regard, the elections in the USA are expected to give important signals regarding the course of the coming period on geopolitically and economically important topics. Investors consider the Democrats' election success as a downside risk for stock markets and the dollar, with the expectation that regulatory controls may tighten, especially for technology and artificial intelligence companies with high growth potential.

A positive trend is observed in the domestic markets with widespread purchases.

Analysts stated that the real effective exchange rate in the country and the intense data agenda abroad, especially inflation in the Eurozone, ADP private sector employment in the USA and foreign trade balance, will be followed today, and noted that technically, 11,300 and 11,400 points in the BIST 100 index are resistance and 11,000 and 10,900 points are support.

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