Stock Market Dropped: Why 13.981.05?

Today's stock market performance ended with a 270,24 point decline, with the BIST 100 index falling 1.90%. The textile and leather sector was the biggest winner with a 1.46% gain, while financial leasing and factoring was the biggest loser with a 9.22% drop.

Market Performance

■BIST 100 index fell to 13.981.05.

■Banking index lost 1.91%, holding index lost 0.76%.

■Textile and leather sector was the biggest winner with a 1.46% gain, financial leasing and factoring was the biggest loser with a 9.22% drop.

Global Market Focus

■Global markets are affected by developments in the Middle East and concerns over the sustainability of artificial intelligence investments.

Analysts' Attention

■Analysts are following the upcoming week's Turkish Central Bank's Monetary Policy Committee interest rate decision and Moody's Turkey credit rating assessment, as well as the global PMI data and the European Central Bank's interest rate decision.

BIST 100 Index Attention

■BIST 100 index is technically supported at 13,900 and 13,800, while 14,100 and 14,200 are resistance levels.

The market will focus on sustainability concerns. BIST 100 index support levels are at 13.900 and 13.800, while resistance levels are at 14.100 and 14.200.