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Borsa Istanbul's BIST 100 index ended the trading day up 1.42% at 12,443.92, led by banking shares. The benchmark added 173.73 points, with total turnover reaching 118.3 billion Turkish lira. Banking led sector gains with a 2.82% rise, while the holding company index advanced 1.44%. Financial leasing and factoring recorded the largest decline, falling 6.74%.

Turkish Statistical Institute data showed consumer prices rose 1.84% month on month in September and 29.73% from a year earlier. Monthly inflation was below the 2.18% forecast in the AA Finance expectations survey. Annual inflation fell below 30% for the first time since November 2021.

Global markets were mixed as weaker-than-expected U.S. services purchasing managers' index data supported buying. However, high bond yields and concerns about France's public finances weighed on sentiment.

Analysts said the following day's domestic releases to watch were the real effective exchange rate and monthly price developments report. Overseas, attention would turn to German factory orders, eurozone retail sales and the U.S. trade balance. They identified BIST 100 resistance levels at 12,600 and 12,700 points, with support at 12,300 and 12,200.

Key Takeaways

• BIST 100 gained 1.42%, closing at 12,443.92 points.
• Banking led sector gains, while financial leasing and factoring fell 6.74%.
• Annual inflation dropped below 30% for the first time since November 2021.