MarketsIstanbul

Borsa Istanbul ended the day with a decline

Istanbul Stock Exchange Borsa Istanbul, the BIST 100 index completed the day at 9,111.50 points, losing 0.32 percent. While the BIST 100 index decreased by 29.21 points compared to the previous closing, the trading volume amounted to 110.6 billion Turkish liras.

The banking index gained 0.92 percent, while the holding index increased by 0.15 percent.

Among the sector indices, construction materials gained the most with 1.89 percent, while financial leasing factoring decreased the most by 3.47 percent.

Analysts noted that despite expectations that the US economy could experience a “soft landing” and the Federal Reserve could cut interest rates three times by the end of the year, the reduced risk appetite was indicated by the appreciation of the dollar in global equity markets.

Analysts also mentioned that economic confidence index domestically, trade balance externally, growth in the US, personal income and expenditures, durable goods orders, growth in the UK, economic confidence index in the Eurozone, retail sales and industrial production in Japan, among other data, would be closely monitored next week. From a technical standpoint, analysts pointed out that 9,250 and 9,400 levels are resistance levels for the BIST 100 index, while 9,000 and 8,900 points serve as support.

source: aa.com.tr/ prepared by Melisa Beğiç

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