BIST 100 Ends Thursday With a Fall

BIST 100 index ends Thursday with a fall. BIST 100 index in Borsa Istanbul closed the day at 2.038.67 points with 0.20 percent depreciation.

At the end of the day, the total transaction volume in the BIST 100 index, which decreased by 4.19 points compared to the previous close, was recorded as 27.6 billion liras. At the closing, the banking index lost 0.37 percent value, while the holding index lost 0.44 percent value. Among the sector indices, tourism was the most profitable with 4.10 percent, while the most decline was recorded on informatics with 1.41 percent. Analysts said that after the inflation in the USA exceeded expectations, the expectations for an interest rate hike in the next month's meeting of the US Federal Reserve (Fed) strengthened and the risk appetite in the markets decreased, adding that the course of energy prices and developments related to Ukraine may also have an impact on asset prices. Stating that the statements of Fed and European Central Bank officials will be followed tomorrow, analysts said that industrial production and balance of payments in the country, inflation in Germany, growth in England and consumer confidence index in the USA will be monitored closely. It was stated that the international credit rating agency Fitch Ratings is expected to evaluate Turkey after the markets are closed. In technical terms, it was stated that the levels of 2.055 and 2.100 are in a position of resistance, and the levels of 1.990 and 1.930 stands out as the support for the BIST 100 index.