BIST 100 Index Closed the Day with a Fall on September 24

BIST 100 index closed the day with a fall on September 24. BIST 100 index depreciated by 1.20 percent in Borsa Istanbul and ended the day with 1,384.68 points.

At the end of the day, the BIST 100 index, which recorded a decrease of 16.78 points compared to the previous closing, was recorded as 13.4 billion liras in total transaction volume. While the banking index depreciated by 2.98%, the holding index depreciated by 0.83% at the close. Among the sector indices, tourism was the highest earner with 1.67%, while the most decline was recorded on banking. Analysts said that risk appetite decreased in global markets with the ongoing uncertainties regarding the debt payments of Chinese real estate giant Evergrande and the rise in the US 10-year bond yield. Analysts stated that next week, summary of the Monetary Policy Meeting of the Central Bank of the Republic of Turkey, presentations of Fed Chairman Jerome Powell and US Treasury Secretary Janet Yellen, ECB President Christine Lagarde’s speech along with the statements to be made by the officials of leading developed countries Central Banks at the Central Banking Forum organized by the ECB will be closely monitored. Analysts stated that the economic confidence index, foreign trade balance, Purchasing Managers Index (PMI) in the country, growth in the USA, inflation in the Eurozone, and PMI data to be announced will be followed. In technical terms, analysts stated that the level of 1.370 is in a position of support and the level of 1.420 stands out as resistance for the BIST 100 index.