Stock market moved horizontally in the first half

In Borsa Istanbul, the BIST 100 index gained 0.07% 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 by 13:00, with an increase of 7.29 points and 0.07% compared to the previous close. The total trading volume was 45.4 billion Turkish lira. While the banking index lost 1.84%, the holding index gained 0.48%. Among the sector indices, the most profitable was financial leasing with 3.62%, while banking was the biggest loser. In the global markets, a mixed trend was observed with some relief in concerns about additional U.S. tariffs, and attention turned to the employment report data to be announced in the U.S. today. Central Bank President Fatih Karahan presented the first inflation report of the year. Karahan stated that they predict inflation to be at 24% by the end of 2025, saying, “We maintained our inflation forecast of 12% for the end of 2026. We aim for inflation to stabilize at 5% in the medium term after falling to 8% in 2027.” Karahan emphasized, “We are not on autopilot here in terms of interest rate cuts, we go from meeting to meeting, we are data-focused, we evaluate that we have a certain space, but it is very important to proceed cautiously.” Analysts noted that the afternoon domestic data agenda was calm, while in the U.S., intense data agenda including non-farm payrolls would be followed, and technically, they marked 9,900 and 9,950 points as resistance, and 9,750 and 9,650 levels as support for the BIST 100 index.