Borsa Istanbul Closes Flat: BIST 100 Ends Slightly Lower at 10,767.85 Points

Banking Sector Gains Amid Mixed Market Performance; Analysts Eye Global and Domestic Economic Indicators

Borsa Istanbul’s BIST 100 index concluded the day with a marginal decline of 0.03%, settling at 10,767.85 points. The index saw a decrease of 3.51 points compared to the previous close, with a total trading volume of ₺97.1 billion.

While the banking index recorded a 1% gain, the holding index experienced a 0.70% decline. Among sector indices, banking performed the best, while textiles and leather industries saw the most significant decline at 3.28%.

Analysts noted a mixed trend in global equity markets, driven by increased expectations that the US Federal Reserve (Fed) may cut interest rates twice this year. However, cautious statements from bank officials tempered market sentiment.

Looking ahead, analysts highlighted upcoming economic indicators: domestically, the housing price index will be released, while in the US, statements from Fed members, the Chicago Fed National Activity Index, consumer confidence index, Richmond Fed Manufacturing Index, and housing price index will be closely watched.

From a technical perspective, analysts identified support levels for the BIST 100 index at 10,700 and 10,600 points, with resistance levels at 10,800 and 10,900 points.

Stay tuned for more updates on market developments and economic indicators.

Source: AA / Prepared by Irem Yildiz

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