Borsa Istanbul ends the day with a sharp decline: BIST 100 index fell by 3.08 percent
Weekly closing data for the BIST 100 index on Borsa Istanbul was reported with conflicting figures by different sources. While geopolitical tensions and Fed expectations impacted the markets, EPDK's new regulation regarding electricity bills also came to the agenda.
Data regarding the weekly closing of the BIST 100 index on Borsa Istanbul varied among sources. While news sourced from Gzt stated that the index closed at 11,220.37 points and lost 3.08 percent in value, news sourced from CNN Turk stated that the closing occurred at the 11,116.99 point level with a 0.92 percent loss.
In addition to discrepancies in market data, news sourced from CNN Turk noted that the total trading volume was 148.8 billion lira, and selling predominated in banking and holding stocks. While the main metal industry sector was the sector that lost the most value with 6.01 percent, the trade sector stood out as the gaining group with 1.01 percent. In global markets, it was stated that geopolitical tensions in the Middle East and concerns regarding artificial intelligence investments suppressed risk appetite, and expectations regarding the US Federal Reserve's (Fed) interest rate decision were being monitored.
In the news sourced from Gzt, information was shared that during the day the index saw a high of 11,598.05 points, all sector indices declined, and the BIST 30 index decreased by 3.13 percent to 14,010.86 points. Furthermore, it was reported that 95 stocks within the scope of the BIST 100 lost value, while 5 stocks gained value.
Evaluation: There is a clear numerical discrepancy between sources regarding Borsa Istanbul's closing data. Additionally, the EPDK decision regarding the reduction of the upper tier limit on electricity bills from 4,000 kWh annually to 3,000 kWh was included as part of the news in the CNN Turk source.