Cautious Opening in Borsa Istanbul: Here is the Latest Lira Situation

Borsa İstanbul Started the Day Calmly

As expectations for interest rate cuts in the US continue, the cautious approach of investors creates a mixed outlook for Borsa İstanbul. After a strong buying wave at the beginning of the week, the BIST 100 index gained approximately 2%, and although it showed a positive trend on Tuesday, it could not maintain this momentum.

Volatile Course and Selling Pressure

On Wednesday, the index retreated by 0.78% due to increasing selling pressure, and on Thursday, it dropped by 1.07%, falling below the critical 11,000 point threshold. Analysts assess this negative trend, which investors are closely watching, in light of market dynamics and international developments.

BIST 100 Index and Sector Performances

Today, the BIST 100 index opened with a nearly flat increase, reaching 10,923.58 points, representing an increase of 5.06 points (0.05%) compared to the previous close. While the banking index decreased by 0.12%, the holding index rose by 0.18%. Among the sector indices, the mining sector saw the most significant increase, rising by 1.64%. On the other hand, the sectors that saw the most decline were financial leasing and factoring, which lost 0.70% in value.

Market Observations and Expectations

Analysts state that throughout the day, the domestic cash balance of the treasury will be monitored, as well as growth data from the Eurozone and personal consumption expenditures and consumer confidence index data from the University of Michigan in the US. Technically, the support levels for the BIST 100 index stand at 10,900 and 10,800, while the resistance levels are expected to be 11,000 and 11,100 points.