BIST 100 Decline: TCMB Reserve Loss and Oil Price Concerns

The BIST 100 index closed the day down 0.43% at 14,077.67. The banking index fell 0.22%, while the holding index declined 1.12%. Mining gained 4.47%, while communication lost 5.35%. TCMB's total reserves fell by 2.8 billion dollars to 160.49 billion dollars. Brent crude prices surged above 100 dollars. Analysts expect heavy focus on financial stability indices and PMI data. VİOP's BIST 30 futures contract ended the session down 1.08% at 16,391.00.

Global uncertainties and TCMB's reserve loss fueled risk-taking in markets, with open positions at 425,177 and sellers sustaining 179-point losses.