Borsa Istanbul stock market concluded the day with a decrease

In Istanbul, the BIST 100 index ended the day at 10,055.98 points, losing 1.59 percent.

The BIST 100 index decreased by 162.60 points compared to the previous close, with a total trading volume of 93.5 billion Turkish lira.

The banking index lost 1.86 percent, while the holding index lost 1.55 percent.

While all sector indices declined, the printing of forest paper suffered the most, with a 5.29 percent loss.

According to the data released today, Turkey’s current account deficit was $4.544 billion in March, while a surplus of $782 million was recorded in the current account excluding gold and energy.

The annualized current account deficit decreased to $31.2 billion in March, with an improvement of $25.8 billion since May 2023.

In global markets, investors maintained a cautious stance amid uncertainties about future policies of the Federal Reserve (Fed), while Wednesday’s inflation data release in the United States is expected to increase market volatility.

Analysts noted that tomorrow’s domestic data agenda will be calm, while abroad, Federal Reserve Chairman Jerome Powell’s statements, the Producer Price Index (PPI) in the United States, and inflation and ZEW indices in Germany will be followed. They also stated that technically, the support for the BIST 100 index is at 10,000 points, with resistance levels at 10,300 and 10,400.

source: prepared by Melisa Beğiç

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