The BIST 100 index at Borsa İstanbul rose 173.73 points from the previous close to finish the day higher. Total trading volume on the index stood at 118.3 billion liras.
The banking index gained 2.82%, while the holding companies index rose 1.44%. Banking was the best-performing sector index, while the financial leasing and factoring index was the biggest decliner, falling 6.74%.
Mixed trend in global markets
Purchases in global markets were supported by U.S. services Purchasing Managers' Index data coming in below expectations. High bond yields and concerns over France's public finances, however, kept markets mixed.
At home, the BIST 100 index followed a positive course led by banking stocks. According to data from the Turkish Statistical Institute, consumer prices rose 1.84% month-on-month and 29.73% year-on-year in September.
Monthly inflation came in below the expectation of 2.18%. Annual inflation also fell below 30% for the first time since November 2021.
Data to watch tomorrow
Domestic markets will monitor the real effective exchange rate and the monthly price developments report tomorrow. Abroad, factory orders in Germany, retail sales in the euro area and the U.S. trade balance will be watched.
In technical assessments, 12,600 and 12,700 points stand out as resistance levels for the BIST 100 index, while 12,300 and 12,200 points are seen as support levels.
