While the BIST 100 index decreased by 5.32 points compared to the previous close, the total trading volume was 97 billion lira.
While the banking index lost 3.39 percent, the holding index gained 0.90 percent.
Among the sector indices, investment trust securities with a gain of 2.41 percent were the highest gainer, while banking was the biggest loser.
Meanwhile, the Monetary Policy Committee (MPC) of the Central Bank of the Republic of Turkey (CBRT) kept the policy rate, the one-week repo auction interest rate, unchanged at 50 percent.
According to data released today, the U.S. economy grew by 1.6 percent in the first quarter of the year, below expectations. In the country, the personal consumption expenditures price index recorded a 3.4 percent increase in the first quarter. The personal consumption expenditures price index had risen by 1.8 percent in the last quarter of last year.
Analysts said that despite the lower-than-expected growth in the U.S., uncertainties about the timing of interest rate cuts by the Federal Reserve (Fed) continued due to the increase in the personal consumption expenditures price index.
Analysts mentioned that weekly money and banking statistics will be followed domestically tomorrow, while the Bank of Japan’s (BoJ) interest rate decision, personal income and spending in the U.S., and the University of Michigan consumer confidence index will be monitored internationally.
Analysts expressed that no change in interest rates is expected from the BoJ, and from a technical standpoint, the resistance levels for the BIST 100 index are at 9,800 and 9,900, while the support levels are at 9,600 and 9,500 points.
source: aa.com.tr/ prepared by Melisa Beğiç