BIST 100 index at Borsa Istanbul started the day at 12,916.67 points, with a decrease of 0.13 percent.
BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend yesterday, finished the day at 12,933.40 points, losing 3.09 percent of its value.
At today’s opening, the BIST 100 index decreased by 16.73 points and 0.13 percent compared to the previous closing, decreasing to 12,916.67 points. While the banking index gained 0.10 percent, the holding index lost 0.75 percent.
Among the sector indices, financial leasing factoring, which gained the most with 1.14 percent, was the holding that decreased the most.
While global markets remained negative due to concerns about the ongoing conflicts in the Middle East, all eyes turned to geopolitical developments and intense macroeconomic data flow.
While concerns that the conflict in the Middle East could affect global trade and increase inflationary pressures again increased the global risk perception, concerns about energy supply deepened after the Strait of Hormuz was closed to passages.
US President Donald Trump announced yesterday that he has ordered the provision of political risk insurance and guarantee at a very reasonable price for the financial security of all maritime trade passing through the Gulf, especially energy, and that, if necessary, the US navy will begin to escort tankers passing through the Strait of Hormuz.
Concerns come to the fore in the markets that the rise in energy prices may fuel inflation and further complicate the policy decisions of the US Federal Reserve (Fed).
Analysts said that an intense data agenda will be followed today, especially the real effective exchange rate index and monthly price developments report in the country, producer inflation in the Eurozone abroad, ADP private sector employment in the USA and the Fed’s Beige Book report.
Stating that geopolitical developments and the news flow from the Middle East have an impact on the direction of the index, analysts noted that technically, 12,900 and 12,800 points in the BIST 100 index are support, while 13,000 and 13,100 points are resistance.
