BIST 100 Index Closed Thursday With A Decline

BIST 100 index closed Thursday with a decline. BIST 100 index depreciated by 1.20 percent in Borsa Istanbul and closed the day with 1,414.15 points.

At the end of the day, the total transaction volume in the BIST 100 index, which decreased by 17.16 points compared to the previous close, was recorded as 14.2 billion liras. At the close, the banking index depreciated by 2.44, while the holding index depreciated by 1.35 percent. Among the sector indices, tourism was the highest earner with 1.83 percent, while the most decline was recorded on mining with 2.91 percent. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, in line with market expectations, did not change the policy rate and left it at 19 percent. Selling pressure increased in the stock markets as the US Federal Reserve's (FED) interest rate decision yesterday and Chairman Jerome Powell's statements were evaluated as "hawks" over expectations. Analysts said that inflation concerns now take place in the expectations and statements of the FED, and that the markets will be more sensitive to the data and pricing that will determine the expectations regarding inflation in the future. It was stated that tomorrow the data agenda is calm in the country, and analysts said that the Bank of Japan's interest rate decision will be monitored closely. In technical terms, analysts stated that the level of 1,390 is in the support position, and the levels of 1.470 and 1.490 stand out as resistance for the BIST 100 index.