Borsa Istanbul Closes the Day with a Decline as Mining Sector Suffers

Despite a dip in the BIST 100 Index, Central Bank Reserves Hit Record High

Borsa Istanbul’s BIST 100 index ended the day with a 1.81% decrease, closing at 10,486.70 points. This represents a drop of 193.28 points from the previous close, with a total trading volume of ₺82.1 billion.

Both the banking and holding indices saw declines, losing 1.27% and 1.31%, respectively. Among the sector indices, tourism emerged as the top performer with a 1.13% gain, while mining was the biggest loser, plummeting by 3.27%.

In contrast, the Central Bank of the Republic of Turkiye (CBRT) reported an increase in its total reserves, which rose by $149 million to reach an all-time high of $146.301 billion for the week ending June 14.

During the same period, foreign investors purchased $791.7 million worth of Government Domestic Debt Securities (GDDS), marking the first time in history that foreign buyers have made net purchases for 12 consecutive weeks, with total purchases nearing $9 billion. The stock of GDDS held by foreigners surged to $11.2357 billion, the highest level since March 13, 2020.

Analysts noted that global stock markets are exhibiting mixed signals as they seek further guidance on future actions from the US Federal Reserve (Fed), with cautious statements from bank officials adding to the uncertainty.

Source: Trthaber / Prepared by Irem Yildiz

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