Cautious Opening in Borsa İstanbul: Here is the Latest Situation of the Lira

Borsa Istanbul Starts the Day Calmly

While expectations for an interest rate cut in the US continue in global markets, the cautious attitude of investors is creating a mixed outlook for Borsa Istanbul. At the beginning of the week, the BIST 100 index gained approximately 2 percent with a strong buying wave, but although it followed a positive trend on Tuesday, it could not sustain this momentum.

Fluctuating Course and Selling Pressure

On Wednesday, the index retreated by 0.78 percent due to increasing selling pressure, and on Thursday it lost 1.07 percent, falling below the critical 11,000 point threshold. Analysts evaluate this negative trend, closely monitored by investors, in light of market dynamics and international developments.

BIST 100 Index and Sector Performances

Today, the BIST 100 index reached 10,923.58 points with a marginal increase at the opening, showing an increase of 5.06 points (0.05 percent) compared to the previous close. The banking index decreased by 0.12 percent, while the holding index rose by 0.18 percent. Among sector indices, the most rising was the mining sector, which showed an increase of 1.64 percent. On the other hand, the sector that declined the most was financial leasing and factoring, losing 0.70 percent.

Market Observations and Expectations

Analysts indicate that during the day, the treasury cash balance will be monitored domestically, while abroad, growth data from the Eurozone, personal consumption expenditures from the US, and the University of Michigan's consumer sentiment index will be followed. Technically, support points for the BIST 100 index are emerging at 10,900 and 10,800, while resistance points are at 11,000 and 11,100 points.