The BIST 100 index at Borsa Istanbul lost 2.14 percent of its value in the first half of the day, falling to 13,001.60 points.
BIST 100 index, which moved in a downward trend in the first half of the day, fell to 13,001.60 points as of 13:00, a decrease of 284.52 points and 2.14 percent compared to the previous closing.
Total transaction volume was 69.1 billion lira. The banking index lost 3.85 percent and the holding index lost 1.87 percent.
In the sector indices, the only increase was construction with 0.88 percent, and the biggest decrease was financial leasing factoring with 8.78 percent.
Global markets are trending negatively due to the lack of any significant developments that will end the conflicts in the Middle East and the effect of high oil prices. Borsa Istanbul’s BIST 100 index completed the first half of the day with a sell-off trend, parallel to the global markets.
According to the March Market Participants Survey of the Central Bank of the Republic of Turkey, the year-end increase expectation in the Consumer Price Index increased from 24.11 percent to 25.38 percent.
Analysts stated that an intense data agenda will be followed for the rest of the day, especially growth in the USA, the Personal Consumption Expenditures price index, which is followed by the US Federal Reserve as an inflation indicator, and the number of open jobs in JOLTS, and stated that technically, 12,900 and 12,800 points in the BIST 100 index are in the support position, and 13,100 and 13,200 points are in the resistance position.
