The BIST 100 index in Borsa İstanbul rose during the day following the Central Bank of Turkey's interest rate decision and Halkbank's statement regarding the lawsuit, but ended the day flat due to selling pressure towards the close.
The index reached 13,889.62 during the day. The selling pressure after the rise prevented a clear direction at the close.
Interest Rate Decision Influenced the Market
The Central Bank of Turkey's Monetary Policy Committee, chaired by Fatih Karahan, announced that the policy interest rate was kept steady at 37%. This decision was among the key factors affecting market pricing in the early part of the day.
Following the interest rate decision, banking stocks showed activity. The banking index gained 0.62%, while the holding index declined by 0.23%.
Sector Divergence Observed
Among sector indices, communication was the top performer with a 2.33% gain. The tourism sector recorded the largest loss with a 3.08% decline.
Analysts noted that the BIST 100 index faces resistance at 13,900 and 14,000 points, while support levels are at 13,600 and 13,500 points.
Focus Shifts to Upcoming Data
Tomorrow, domestic market participants will monitor the market participant survey and balance of payments statistics. Internationally, industrial production and capacity utilization rates in Japan, GDP and industrial production in the UK, consumer price index in Germany, and the University of Michigan consumer confidence index in the US will be followed.
Economists participating in the AA Finance Balance of Payments Expectation Survey predict a current account deficit of 5.437 billion dollars for April.