BIST 100 Index Closed Tuesday with a Fall

BIST 100 index closed tuesday with a fall. BIST 100 index depreciated by 0.75 percent in Borsa Istanbul and ended the day with 1,346.84 points.

At the end of the day, the total transaction volume in the BIST 100 index, which decreased by 10.12 points compared to the previous closing, was recorded as 11 billion liras. At the closing, the banking index lost 1.34 percent value, while the holding index lost 0.67 percent. Among the sector indices, mining was the highest earner with 0.46 percent, while the most decline was recorded on tourism with 4.03 percent. Analysts said that the rise in inflation above 5 percent in June caused concerns that monetary policy might tighten earlier than expected, and this reduced the risk appetite in the markets. Analysts reminded that the interest rate decision to be announced by the Central Bank of the Republic of Turkey at the Monetary Policy Committee meeting tomorrow, the presentation of the US Federal Reserve Chairman Jerome Powell in the House of Representatives and the Fed's Beige Book Report will be the focus of investors, and stated that  the Producer Price Index (PPI) in the USA, inflation in the UK, industrial production in Japan and industrial production in the Eurozone will be closely monitored. In technical terms, it was stated that the level of 1.320 stands out as support and the level of 1.400 is in the resistance position for the BIST 100 index.