The BIST 100 index recorded a decline of 92.84 points compared to the previous close. The daily total trading volume was 198.2 billion lira.
Sector indices presented a mixed picture. The banking index gained 0.31%, while the holding index lost 1.80%.
The financial leasing factoring sector index was the top gainer with a 3.78% increase, while the mining index was the biggest loser with a 2.08% loss.
Global Factors
Global markets are following a mixed course due to news flow regarding developments in the Middle East. The peace climate in the region being jeopardized after Iran withdrew from negotiations following Israel's targeting of Lebanon, and the signal from the US Federal Reserve (Fed) that it may lean towards more hawkish policies in the coming period, are supporting the dollar while creating pressure in global markets.
Analyst Views and Technical Levels
Analysts note that next week will see an intense data agenda to be followed, including the Consumer Confidence Index domestically, and globally, the Manufacturing and Services Sector Purchasing Managers' Index (PMI) data, as well as growth figures in the US.
From a technical perspective, it was noted that on the BIST 100 index, the 14,600 and 14,500 points are support levels, while 14,900 and 15,000 points are resistance levels.
