Istanbul stock market ends the day with a decrease on September 11, 2023
BIST 100 index in Borsa Istanbul completed the day at 8,146.49 points, losing 2.15%. The BIST 100 index decreased by 178.80 points compared to the previous closing, and the total trading volume was at the level of 152.7 billion Turkish lira.
The banking index lost 5.51%, and the holding index lost 1.43%. Among sector indices, mining had the highest gain with 3.03%, while banking was the biggest loser. During the day, the BIST 100 index reached a record level of 8,403.81 points but balanced in the range of 8,100-8,200 due to profit-taking from that level.
According to report, analysts stated that global stock markets had started the week cautiously due to expectations that the Federal Reserve would keep interest rates high for a longer period. They also mentioned that this week, the focus of investors was on the intensive macroeconomic data agenda, especially inflation data in the United States, and the interest rate decision of the European Central Bank (ECB).
Analysts pointed out that tomorrow, retail sales data would be followed domestically, and ZEW indices in Germany and the unemployment rate in Britain would be monitored internationally. From a technical perspective, they noted that the BIST 100 index had resistance at 8,400 and 8,500 levels and support at 8,100 points.
