Borsa Istanbul's BIST 100 index gained 52.40 points from the previous close to end the trading day higher. Total trading volume in the index amounted to 114.1 billion liras.
Mining leads sector indexes
The banking index fell 0.26%, while the holding company index declined 1.45%. Mining was the top gainer among sector indexes, rising 4.79%, while financial leasing and factoring was the biggest decliner, falling 5.15%.
Global markets followed a positive course as concerns over energy supplies eased and oil prices fell after U.S. President Donald Trump announced that no attack would be carried out against Iran ahead of the midterm elections.
In Türkiye, the BIST 100 index followed a buying-oriented course in line with the positive mood in global markets despite selling in the banking and holding company sectors.
Bill on investment funds submitted
The “Bill on Certain Investment Funds Ordered to Be Liquidated,” bearing the signatures of lawmakers from the AK Party, was submitted to the Presidency of the Grand National Assembly of Türkiye. Under the bill, interim payments could be made from liquidation assets in funds designated by the board.
Under the proposal, investors whose net investment amount is below 1 million liras would receive an interim payment up to that amount, while those who invested 1 million liras or more would be eligible for an interim payment of no more than 1 million liras.
At the fourth Fund Coordination Board meeting chaired by Vice President Cevdet Yılmaz, technical preparations concerning liquidation processes and interim payments were reviewed. According to a statement by the Directorate of Communications, the meeting also addressed coordination efforts among institutions to return excessive profits.
Busy data agenda at home and abroad
Analysts said that next week, markets would follow the current-account balance, budget balance and home sales data in Türkiye, as well as inflation, retail sales and industrial production data in the United States and inflation data from Germany and China.
From a technical perspective, 12,400 and 12,500 points were regarded as resistance levels for the BIST 100 index, while 12,100 and 12,000 points were considered support levels.
