Istanbul Stock Exchange in Decline: Reasons and Future Expectations

The Decline on Borsa Istanbul Continues

The BIST 100 Index on Borsa Istanbul closed the last trading day of the week at 10,720.36 points, down 0.06%, resulting in a weekly loss of 3.56% for investors. This decline has drawn the attention of investors and sparked discussions in the markets.

Reasons for the Decline

The primary reasons for the continued downward trend of the BIST 100 Index include uncertainties in global markets, rising political tensions, and high inflation figures announced in September. The potential interest rate cut decisions by the Central Bank of the Republic of Turkey (CBRT) have become a source of concern for investors. Alongside high inflation rates, these uncertainties have led to a decrease in risk appetite, causing investors to turn to safe-haven assets such as gold and silver.

Expectations for the Coming Days

In the coming days, key events that may impact Borsa Istanbul include the diploma trial of Ekrem İmamoğlu on October 20 and the postponed CHP Congress trial. It is anticipated that the outcomes of these trials could have significant effects on the stock market.

Additionally, the CBRT interest rate decision on October 23 is eagerly awaited by investors. Last month, the CBRT lowered the interest rate from 43% to 40.5%. The inflation figures for September recorded a monthly increase of 3.23%, surpassing the expectations of 2.47%, resulting in an annual rate of 33.29%. Under these circumstances, the decision the CBRT makes in its meeting on October 23 has the potential to impact the markets.

This situation has become a process that investors need to closely monitor. However, it is worth noting that the information provided here does not constitute investment advice.