Borsa İstanbul Hits Record High as BIST 100 Surpasses 11,263 Points

Borsa İstanbul opened the day with a 0.55% increase, propelling the BIST 100 index to an all-time high of 11,263.83 points. The rally was led primarily by banking and holding shares, signaling strong investor confidence as markets await key global economic signals.

The day began with the index at 11,195.98 points, already reflecting a solid gain from the previous session’s 1.58% surge. The positive momentum pushed the market further upward, reinforcing the perception that Turkish equities are maintaining a strong trend despite global uncertainties.

Sector Performance: Banking, Holding, and Textiles Lead

At the opening, the banking index rose 0.96%, while the holding index advanced 0.55%, both of which played a pivotal role in lifting the benchmark index to record territory.

Among the sector indices:

• Textile and leather stocks were the strongest performers, with a 1.37% gain.

• Mining stood out as the only laggard, slipping by 0.07%.

This diverse sectoral movement underscored the fact that while financials continue to provide the backbone of the rally, industrial and consumer-driven sectors are also contributing momentum to the broader market.

Global Focus: Jackson Hole Symposium

Analysts note that all eyes are now on the Jackson Hole Economic Policy Symposium, which begins today in the United States. This annual event, attended by central bankers, finance ministers, and top economists, is expected to provide critical insights into future monetary policy trends, especially from the U.S. Federal Reserve.

The messages delivered at Jackson Hole are often market-moving, shaping expectations about interest rates, inflation control, and liquidity conditions worldwide. For Turkish markets, the tone of the symposium could affect not only foreign investment inflows but also the overall risk appetite of global funds.

Domestic and International Data Flow

Investors are also keeping a close eye on a busy data calendar:

• Domestically, the consumer confidence index and weekly money and banking statistics will be released today. These figures are expected to provide insights into household sentiment and liquidity conditions within Türkiye’s financial system.

• Globally, investors are watching the Purchasing Managers’ Index (PMI) data for both manufacturing and services sectors, which are seen as leading indicators of economic health.

Together, these data points will shape short-term market sentiment and help determine whether the positive momentum in Turkish equities can be sustained.

Technical Analysis: Key Support and Resistance Levels

From a technical perspective, analysts highlight the following levels for the BIST 100 index:

• Resistance: 11,300 and 11,400 points

• Support: 11,100 and 11,000 points

Crossing the 11,000 threshold earlier in the week was seen as a critical breakout, paving the way for the index to reach today’s record. If the bullish momentum continues and resistance levels are breached, analysts suggest further upside potential in the near term. Conversely, a pullback below 11,000 would signal a return to consolidation.

Broader Market Sentiment

The upbeat tone in Turkish equities reflects a combination of domestic optimism and global market alignment. The banking sector, often seen as a barometer of broader economic confidence, continues to drive gains, while holding companies provide stability through diversified exposure.

Meanwhile, the rise in textile and leather shares points to investor interest in export-driven industries, particularly at a time when global demand is expected to fluctuate with shifting trade and consumption patterns.