BIST 100 index, which moved in a downward trend in the first half of the day, dropped to 8,857.28 points as of 13.00, a decrease of 5.04 points compared to the previous closing. The total transaction volume was 36.8 billion lira.
While the banking index gained 0.65 percent, the holding index lost 1.05 percent.
Among the sector indices, the one that gained the most was communication with 1.72 percent, and the one that decreased the most was tourism with 1.48 percent.
In global markets, the monetary policy decision that the Fed will announce this evening after the presidential elections in the USA has become the focus of investors.
Analysts stated that clues regarding future policies will be sought from the decision text of today’s meeting and Fed Chairman Jerome Powell’s statements, and noted that the signals to be received may increase volatility in asset prices.
Stating that the concern that the inflationary effects of the policies expected to be followed by Trump may be stronger, analysts stated that this situation may lead the Fed to take slower steps in interest rate reductions.
According to the pricing in the money markets, it is considered certain that the Fed will reduce the policy rate by 25 basis points.
Analysts stated that weekly money and bank statistics in the country and the interest rate decisions of the Bank of England (BoE) and the Fed as well as the intensive data agenda will be followed in the afternoon, and from a technical perspective, the 8,800 and 8,700 levels in the BIST 100 index will be supported, and the 8,900 and 8,900 levels will be followed in the afternoon. He noted that 9,000 points are in resistance position.
