Borsa Istanbul Completes the Day with a Decline
While the BIST 100 index declined compared to the previous close, global risk appetite and US employment data impacted the markets.
The BIST 100 index on Borsa Istanbul closed the day with a decline, while the total trading volume reached the level of 195.2 billion liras.
Changes in the Index and Trading Volume
The BIST 100 index decreased by 178.45 points compared to the previous close, while the total trading volume was recorded as 195.2 billion liras.
Gains and Losses on a Sectoral Basis
The banking index lost 0.06 percent and the holding index lost 0.23 percent in value. Among the sector indices, mining was the top gainer with 1.69 percent. The sector that suffered the most losses was determined as paper and forest products with 3.87 percent.
Global Developments and Market Impacts
In global markets, energy and inflation concerns—intensified by the resurgence of clashes between the US and Iran—suppressed risk appetite. In the US, ADP private sector employment remaining below expectations at 38 thousand people in August affected pricing.
Data and Levels Followed by Analysts
Analysts stated that domestic inflation and weekly money and bank statistics will be monitored tomorrow. Abroad, the services sector and Composite PMI, Eurozone inflation, and US foreign trade balance data will be watched. From a technical perspective, 13,900 and 13,800 points are support levels, and 14,200 and 14,300 points are resistance levels in the BIST 100 index.