Borsa Istanbul BIST 100 Index Completes the Week with a Decline
Weak risk appetite in global markets and widespread selling caused the BIST 100 index on Borsa Istanbul to close Friday with a loss in value.
The BIST 100 index on Borsa Istanbul closed Friday down 1.67 percent at 13,284.42 points, influenced by weak risk appetite in global markets.
Daily Course of the BIST 100 Index
The BIST 100 index on Borsa Istanbul followed a negative course throughout the day due to the effect of widespread sales, completing the week.
The index declined by 225.34 points compared to the previous close, finishing Friday at 13,284.42 points.
Trading Volume and Sectoral Changes
The total trading volume in the market reached a level of 170.6 billion liras.
When examined on a sectoral basis, the banking index lost 0.55 percent and the holding index lost 4.10 percent in value.
Statements by Minister Mehmet Şimşek
Minister of Treasury and Finance Mehmet Şimşek made evaluations regarding the mobility in the markets.
Emphasizing that the developments stem from credit and liquidity problems seen in a limited number of funds, Şimşek stated that there is no widespread systemic risk.
Minimum Wage Scenarios
The news text also brought up possible increase scenarios regarding the 2027 minimum wage.
Figures between 33,690 TL and 36,489 TL with 20, 25, and 30 percent hike rates and the Minimum Wage Determination Commission process in December were discussed.