BIST 100 Index Declined in the First Half of the Day on Borsa Istanbul
While markets followed a selling trend in the first half of the day, the economic reflections of global geopolitical developments are being closely monitored.
On Borsa Istanbul, the BIST 100 index lost value compared to the previous close in the first half of the day, dropping to 14,443.55 points, with a total trading volume of 94.7 billion liras.
Current Status of the Index and Trading Volume
As of 13.00, the BIST 100 index decreased by 57.94 points and 0.40 percent compared to the previous close, falling to 14,443.55 points. The total trading volume in the first half of the day reached the level of 94.7 billion liras.
Divergence Among Sector Indices
While the banking index gained 0.15 percent, the holding index lost 1.65 percent in value. Among sector indices, financial leasing factoring recorded the highest increase with 4.41 percent, while the sector that experienced the sharpest decline was IT with 3.13 percent.
Global Developments and Market Expectations
While the indirect effects of ongoing geopolitical tensions in the Middle East continue to strain economies worldwide, Borsa Istanbul also completed the first half of the day with a selling trend.
Data and Technical Levels Monitored by Analysts
Experts stated that the housing price index to be announced in the US and the New York Fed consumer confidence index will be monitored for the rest of the day. From a technical perspective, 14,300 and 14,200 points are positioned as support, and 14,600 and 14,700 points as resistance for the BIST 100 index.