The stock market started the week with an increase.

At the opening, the BIST 100 index rose to 4,433.26 points, gaining 32.50 points and 0.74 percent compared to the previous close.

The banking index increased by 0.93 percent and the holding index increased by 0.92 percent. Among the sector indices, communication was the highest earner with 1.13 percent, and textile was the highest loser with 0.84 percent.

BIST 100 index, which moved in a downward trend on the last trading day of last week, lost 1.86 percent and closed the day at 4,400.76 points.

According to the data released on Friday, non-farm employment in the USA increased by 253 thousand people in April, exceeding expectations, while the unemployment rate decreased from 3.5 percent to 3.4 percent.


Analysts stated that developments in the US economy continue to have an impact on asset prices, adding that global stock markets are following a positive course as the labor market data released on Friday eased recession concerns.

Stating that today, the Treasury cash balance will be followed in the domestic market and the wholesale stocks in the USA abroad will be followed, the analysts noted that, technically, 4.360 and 4.300 levels in the BIST 100 index are in the support position and 4.500 points in the resistance position.

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