BIST100 Closed The Day With a Decrease

BIST100 closed the day with a decrease. In Borsa Istanbul, the BIST 100 index lost 9.79 percent and finished the day with 1,379.25 points.

At the end of the day, the BIST 100 index decreased by 149.74 points compared to its previous closing, and the total transaction volume was recorded as 16.7 billion liras. At the closing, while the banking index declined by 9.89 percent, the holding index lost its value by 9.89 percent. While all sector indices lost their investors, the biggest decline was recorded on trade with 9.99 percent. After the opening, the Index-Based Circuit Breaker System has been activated twice in Borsa Istanbul. Regarding the volatility in the markets, analysts stated that investors should be calm and prices will soon find the new equilibrium level. Analysts stated that the implementation schedule and action plan regarding the Economy Reform Package to be announced tomorrow by the Ministry of Treasury and Finance will be monitored domestically, while the US Federal Reserve Chairman Jerome Powell’s speech, the announcement of the new housing sales in the US and the Richmond Fed manufacturing industry index will be closely monitored abroad.