BIST 100 Index on Borsa Istanbul Finishes the Day with a Decline
The BIST 100 index decreased by 343.40 points compared to the previous close, falling below the 12,000-point mark, while the total trading volume reached 150.5 billion liras.
On Borsa Istanbul, the BIST 100 index closed the day with a decline as a result of widespread sales led by the banking index, dropping below 12,000 points and totaling 150.5 billion liras in trading volume.
Current Status in the Markets
The BIST 100 index experienced a decrease of 343.40 points compared to the previous close, and the total trading volume was realized at the level of 150.5 billion liras.
Sectoral Changes and Losses
While the banking index lost 4.58 percent in value, the holding index recorded a decline of 3.42 percent.
Among the sector indices, the only gainer of the day was sports with an increase of 0.16 percent, while the sector that lost the most was financial leasing and factoring with 8.45 percent.
Global and Domestic Developments
In global markets, personal consumption expenditures in the US remaining below expectations in August and the weakening of expectations that the Fed will raise interest rates in October enabled a positive course.
Domestically, the BIST 100 index on Borsa Istanbul fell below the 12,000-point threshold with sales led by banking stocks.
Technical Levels and Data to Watch
Analysts reported that technically for the BIST 100 index, the 11,800 and 11.700 point levels are support, while the 12,100 and 12,200 point levels are in the position of resistance.
Domestically, weekly money and bank statistics, and internationally, manufacturing PMI data worldwide will be followed by investors.