Borsa showed a stable trend in the first half

In Borsa Istanbul, the BIST 100 index gained 0.07 percent in the first half of the day, reaching 9,849.44 points. Moving in an upward trend in the first half of the day, the BIST 100 index rose to 9,849.44 points with an increase of 7.29 points and 0.07 percent compared to the previous closing as of 13:00. The total trading volume was 45.4 billion Turkish lira. While the banking index lost 1.84 percent, the holding index gained 0.48 percent. Among sector indices, financial leasing factoring gained the most with 3.62 percent, while banking suffered the biggest loss. In global markets, a mixed trend was observed as concerns about additional U.S. tariffs eased somewhat, with attention turning to the employment report data to be released in the U.S. today. Central Bank Governor Fatih Karahan presented the first inflation report of the year. Karahan stated that they expect inflation to be at 24 percent by the end of 2025, adding, “We have maintained our inflation forecast of 12 percent for the end of 2026. We aim for inflation to stabilize at around 5 percent in the medium term after falling to 8 percent in 2027.” Karahan also said, “(Interest rate cuts) We are not on autopilot here, we are going from meeting to meeting, we are data-oriented, we evaluate that we have a certain area, but it is quite important to proceed cautiously.” Analysts pointed out that the domestic data agenda is calm in the afternoon, while in the international arena, a busy data agenda is being followed, especially in the U.S. with the non-farm payrolls, stating that technically the resistance levels for the BIST 100 index are at 9,900 and 9,950 points, and the support levels are at 9,750 and 9,650.