Purchases accelerated in Borsa Istanbul led by banks, surpassing 9,700 points with an increase of more than 4% in the BIST 100 index. The positive trend in the stock market continues on the second day of the week.

The BIST 100 index, which started the day with a rise, saw purchases accelerating, especially in the banking sector. It reached 9,728 points with an increase of over 4%, while the banking index gained more than 5%.

Analysts noted that technically, the resistance levels for the BIST 100 index are at 9,500 and 9,600, with support levels at 9,400 and 9,300 points.

FLEXIBILITY IN BANKS’ SHARE BUYBACKS
The Banking Regulation and Supervision Agency (BRSA) granted flexibility to banks in their share buyback processes. According to the decision, shares bought back by banks will not be deducted from the core capital.

GLOBAL MARKETS
In the global markets, the tariff decisions made by US President Donald Trump continue to make it difficult for the markets to find direction. Uncertainties regarding the effects of the US’s protectionist trade stance worldwide, as well as the dilemma of inflation and recession, remain key agenda items for economies.