BIST 100 Slides: 61.18-Point Drop, Brent Surges Above $100

The BIST 100 index fell 61.18 points from the previous close, with total trading volume at 206.5 billion lira.

BIST 100 Falls 61.18 Points: Market Shadowing

■The Banking index slipped 0.22%.

■The Holding index declined 1.12%.

■The best‑performing sector was mining with a 4.47% gain; the worst was communications with a 5.35% drop.

Global Tech Fears Amplify Local Slide

■Concerns over large tech firms’ AI spending resurfaced.

■Rising geopolitical risks and climbing oil prices drove a negative trend worldwide.

Brent Oil Surges Above $100: Energy Risk Escalates

■Brent crude rose above $100 amid shipping risks at the Straits of Hormuz and Bab-el-Mandeb.

■Middle Eastern infrastructure attack fears further lifted prices.

TCMB Holds Steady at 37% Repo

■The Central Bank of Turkey’s Monetary Policy Committee kept the one‑week repo rate at a steady 37%.

■Total reserves fell by $2.812 billion to $160.490 billion in the week of July 17.

Market Analysis: Support/Resistance Levels

■Analysts will monitor domestic financial services confidence and sector‑specific inflation expectations, as well as global Purchasing Managers’ Index (PMI) data.

■Technically, the BIST 100 faces support at 14,000 and 13,900 points and resistance at 14,200 and 14,300 points.

Markets remain exposed to the combined impact of global tech anxieties and energy price pressures, reinforcing the short‑term slide of BIST 100 while leaving long‑term recovery prospects uncertain.