The stock market closed the day with an increase

BIST 100 index at Borsa Istanbul closed the day at 7,986.47 points, gaining 1.15 percent in value.

While the BIST 100 index increased by 90.51 points compared to the previous closing, the total transaction volume was 122.7 billion lira.

The banking index gained 1.90 percent and the holding index gained 1.03 percent.

Among the sector indices, the one that gained the most was tourism with 2.93 percent, and the one that decreased the most was informatics with 1.17 percent.

On the other hand, the Producer Price Index (PPI) in the USA decreased by 0.1 percent on a monthly basis in December last year and increased by 1 percent on an annual basis, below expectations.

Following the announced data, the probability that the US Federal Reserve (Fed) will start interest rate cuts in March has increased to 78 percent.

Analysts said that a positive trend was observed in global markets as expectations that the Fed would start reducing interest rates in March grew stronger.

Stating that the Turkey evaluation report, which is expected to be announced by the international credit rating agency Moody’s after the markets close this evening, is in the focus of investors, analysts said that the next week will be the budget balance in the country, the Central Bank of the Republic of Turkey (CBRT) market participants survey, housing sales, and the Fed Beige Book report abroad. He stated that monitoring industrial production, housing starts and construction permits in the USA, and inflation in the Eurozone, Germany, Japan and the UK will come to the fore.

Analysts noted that technically, the 8,060 level in the BIST 100 index is resistance, while 7,820 and 7,750 points are support.

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