Borsa Istanbul BIST 100 index closed Thursday down
While the BIST 100 index on Borsa Istanbul finished Thursday down by 0.40%, investors' focus shifted to the evaluation by international credit rating agency S&P.
The BIST 100 index on Borsa Istanbul finished Thursday with a 0.40% loss in value at 12,070.17 points, while the total trading volume reached 92.3 billion liras.
Course of the BIST 100 Index
The BIST 100 index on Borsa Istanbul completed the day with a selling-weighted trend, falling 48.12 points compared to the previous close to 12,070.17 points.
Along with the 0.40% loss in value on a daily basis, the total trading volume on the stock exchange reached the level of 92.3 billion liras.
Banking Index Diverged Positively
Despite the general decline in the BIST 100 index, upward movements were observed in banking stocks, and the banking index closed the day with a 1.12% gain.
While the holding index lost 0.76% in value, the sharpest decline was recorded in the financial leasing and factoring sector with a rate of 4.92%.
US Producer Inflation Data
While data coming from the US was monitored in global markets, the Producer Price Index showed an increase of 1.3% monthly and 6.3% annually in September.
This announced data exceeded market expectations and raised concerns that inflationary pressures might continue.
Critical Levels in Markets
Analysts stated that in the technical outlook of the BIST 100 index, 12,000 and 11,900 points are support levels, while 12,200 and 12,300 points are resistance levels.
Eyes on S&P Evaluation
Investors focused on the credit rating announcement regarding Türkiye by the international credit rating agency Standard & Poor's.
Markets expect S&P to make its evaluation on Friday, October 16, after the market close.