BIST 100 Index Started the Week with a Fall

BIST 100 index started the week with a fall on September 20. BIST 100 index lost 0.98 percent in Borsa Istanbul and started the day with 1,405.45 points.

At the beginning of the day, the BIST 100 index, which decreased by 13.98 points and 0.98 percent compared to the previous close, dropped to 1,405.45 points. At the closing, the banking index depreciated by 1.09 percent, while the holding index depreciated by 1 percent. Among the sector indices, forest, paper and printing were the only winners with 0.48 percent, while the most decline was recorded on trade with 1.27 percent. BIST 100 index in Borsa Istanbul followed a buying-heavy course, albeit limited, on Friday, closing the day at 1,419.43 points with an increase of 0.10 percent. Analysts noted that a selling trend prevailed in the global equity markets today with the uncertainties created by the upcoming debts of the Chinese company Evergrande. Reminding that this week, the meetings of the US Federal Reserve and Bank of Japan will be held on Wednesday, the Central Bank of the Republic of Turkey and the Bank of England will be held on Thursday, analysts said that sharp fluctuations can be seen in the markets. In technical terms, it was stated that the level of 1,390 stood out as support, and the resistance of 1,440 strengthened in the short and medium-term outlook for the BIST 100 index.