The increase in the index was mainly due to banking sector stocks, with a focus on ITAU (ITUB4), BTG Pactual (BPAC11), and Banco do Brasil (BBAS3). At approximately 11:11 am, the shares of these banks rose 1.11%, 1.16% and 1.40%, respectively, while Ibovespa advanced 1.06% to 160,390 points.