Economy in Turkey: Istanbul Stock Exchange extends its decline to third day

While Borsa Istanbul has been on a positive trend filled with records in recent weeks, it is losing value this week. The BIST 100 index completed the third trading day of the week with a decrease of 1.28 percent.

After completing the previous 8 weeks with gains, Borsa Istanbul is moving in the negative direction in the new week.

The BIST 100 index started the day at 9184 points with a 0.06 percent gain; then it proceeded in a volatile manner. The index closed at 9062 points with a loss of 1.28 percent.

While the banking index increased by 0.10 percent at the opening, the holding index recorded a decrease of 0.03 percent. At the end of the day, the indices traded with losses of 2.05 percent and 1.19 percent, respectively.

From a technical standpoint, the 9200 and 9300 levels are resistance levels, while the 9100 and 9000 levels are support levels in the BIST 100 index.

Yesterday, the Borsa Istanbul 100 index, which followed a selling trend, ended the day with a loss of 1.66 percent at 9179 points.