BIST 100 index at Borsa Istanbul started the day at 13,782.50 points, with a decrease of 0.16 percent.
BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend yesterday, completed the day at 13,804.21 points, with a decrease of 3.20 percent.
At today’s opening, the BIST 100 index decreased to 13,782.50 points, with a decrease of 21.71 points and 0.16 percent compared to the previous closing. While the banking index gained 0.06 percent, the holding index lost 1.22 percent.
Among the sector indices, tourism was the holding that gained the most, with 1.35 percent, and the holding that declined the most.
While global markets are predominantly selling due to the increasing geopolitical tensions between the USA and Iran, all eyes are on the growth and Personal Consumption Expenditures (PCE) price index data to be announced in the USA today.
Selling pressure resulting from geopolitical risks continues to be effective in global markets. While the escalation of tension between the USA and Iran caused an increase in risk perception in the markets, US President Donald Trump said that it will be seen within 10 days where the said process will evolve.
Stating that a comprehensive agreement should be made with Iran, Trump stated that otherwise bad things would happen.
With these statements, caution prevailed in the markets again. This halted the temporary recovery in stocks and reduced the overall risk appetite.
Analysts stated that an intensive data agenda will be followed today, including international investment position, real sector confidence index and manufacturing industry capacity utilization rate in the country, growth and Personal Consumption Expenditures (PCE) in the USA, global manufacturing industry and service sector Purchasing Managers Index (PMI) data, and Producer Price Index (PPI) in Germany. Technically, 13,600 and 13,500 points in the BIST 100 index will be supported. He noted that 13,900 and 14,000 points are resistance points.
