Istanbul’s Borsa Istanbul 100 index experienced gains at the market open, rising 7.50 points to 1,691.13. The increase is attributed to renewed investor interest in technology stocks. Specifically, the ongoing surge in artificial intelligence (AI) development – described as an “AI-driven supercycle” – is driving the positive market momentum. This suggests a broader trend of optimism surrounding the tech sector’s performance within the Turkish economy. The rise indicates continued confidence in tech companies listed on the exchange. Analysts are monitoring whether this trend will sustain throughout the trading day. The index’s performance reflects global enthusiasm for AI-related investments.
