BIST 100 Index Closed the Day with a Decrease on August 26

BIST 100 index closed the day with a decrease on August 26. BIST 100 index depreciated by 0.33 percent in Borsa Istanbul and ended the day at 1,448.52 points.

At the end of the day, the total transaction volume in the BIST 100 index, which decreased by 4.78 points compared to the previous closing, was recorded as 12.7 billion TL. At the close, the banking index lost 0.60 percent value, while the holding index lost 0.49 percent value. Among the sector indices, transportation was the highest earner with 1.41 percent, while the most decline was recorded on tourism with 3.18 percent. Analysts said that the increasing uncertainties before the speech of the US Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Policy Symposium tomorrow, the hawkish attitude of the FED officials throughout the day and the rising geopolitical risks after the explosion in Afghanistan caused a bearish trend in the global stock markets. It was stated that tomorrow, the economic confidence index in the country, wholesale stocks in the USA, personal income and expenditures and the University of Michigan consumer confidence index data will be closely monitored. In technical terms, analysts stated that the level of 1,440 points stood out as support and the level of 1,470 is in a position of resistance for the BIST 100 index.