Borsa Istanbul Closed Thursday with a Loss
While the BIST 100 index declined under the influence of developments in global markets, potential retiree salary increase scenarios were also calculated in line with inflation expectations.
On Borsa Istanbul, the BIST 100 index completed Thursday with a 2.74 percent loss in value at 12,888.33 points, while potential raise rates for retiree pensions based on year-end inflation expectations also came to the agenda.
Current Situation in Borsa Istanbul
The BIST 100 index completed Thursday with a 2.74 percent loss at 12,888.33 points due to a decrease in risk appetite in global markets. The index decreased by 363.52 points compared to the previous close, and the total transaction volume reached 110.6 billion liras.
Sectoral Developments and Losses
All sector indices closed the day with a loss, while the banking index fell by 3.06 percent and the holding index dropped by 3.87 percent. Among the sectors, financial leasing and factoring suffered the highest loss with a decline of 8.85 percent.
Impact of Global Markets
While the extension of the tariff truce between the US and China reduced commercial uncertainties, developments in the Middle East and strong US economic data influenced the direction of the markets. Expectations that the Fed might go for additional rate hikes limited risk appetite.
Technical Levels and Agenda
While analysts stated that Germany's GfK consumer confidence index and data from the US will be monitored abroad, technically the 12,800 and 12,700 point levels act as support, and the 13,000 and 13,100 point levels serve as resistance.
Retiree Salary and Increase Scenarios
It was calculated that if year-end inflation materializes between 28 percent and 29.6 percent, the raise rate for SSK and Bağ-Kur retirees could range between 8.70 percent and 10.06 percent.