Borsa Istanbul BIST 100 Index Completes the Day with a Decline
While the BIST 100 index lost 2.38% in value to fall to 12,592.76 points, market developments and current loan campaigns by banks remained on investors' agendas.
While the BIST 100 index on Borsa Istanbul completed the day with a 2.38% loss in value at 12,592.76 points, the total transaction volume reached 115.2 billion liras and all sector indices lost value.
Daily Course of the BIST 100 Index
The BIST 100 index on Borsa Istanbul completed the day losing 2.38% in value at 12,592.76 points, decreasing by 306.59 points compared to the previous close.
While the total transaction volume realized at the level of 115.2 billion liras throughout the day, broad-based sales were effective in the index.
Changes in Sector Indices
While the banking index lost 0.89% in value, the decline in the holding index was recorded as 3.31%.
While all sector indices lost value, the sector that suffered the most losses in the market was financial leasing factoring with 8.73%.
Developments in Global Markets
Rising oil prices after US President Donald Trump rejected Iran's peace proposal increased inflation concerns.
Expectations that the US Federal Reserve could continue interest rate hikes and rising bond yields are suppressing risk appetite globally.
Domestic Markets and CMB Statement
While the BIST 100 index declined on Borsa Istanbul domestically, developments regarding ongoing fund investigations were in the focus of investors.
The Capital Markets Board announced that canceled instructions transmitted via TEFAS on September 17 regarding funds subject to liquidation will be covered from the liquidation balance.
Bank Loan Campaigns
In addition to developments in the market, interest-free loan and current personal loan campaigns by numerous banks targeting new customers were also monitored.
Current interest rates and campaign details of Yapı Kredi, İş Bankası, DenizBank, QNB Finansbank, TEB and other banks were shared.