The BIST 100 index on Borsa Istanbul ended the day lower. The index fell 307.42 points from the previous close, with total trading volume at 200.8 billion lira.
The banking index declined 3.25% and the holding index fell 1.90%. Among sector indices, only IT rose 0.30%, while transportation suffered the steepest drop, down 4.38%.
The main market-moving development came from US President Donald Trump. His announcement that the ceasefire with Iran had ended and that they would hit Iran very hard this evening heightened Middle East tensions and increased selling pressure in markets.
At the 36th NATO Summit of Heads of State and Government in Ankara, allies announced a new procurement deal worth over $50 billion. The final communiqué also pledged to increase collective production capacity and speed up innovation.
The International Monetary Fund (IMF) updated its World Economic Outlook report. The Fund cut its 2025 global growth forecast from 3.1% to 3%. The report said Turkey's economy is projected to grow 2.9% this year and 3.6% in 2026.
Markets turned their attention to the US Federal Reserve (Fed) meeting minutes due this evening. Analysts said that tomorrow's domestic agenda includes weekly monetary and banking statistics, while internationally, China's inflation, US jobless claims, existing home sales, Japan's machinery orders, and Germany's trade balance will be in focus.
Analysts providing a technical assessment noted that for the BIST 100 index, 14,100 and 14,000 points serve as support, while 14,200 and 14,300 points act as resistance.
