The banking index lost 1.72 percent and the holding index lost 1.73 percent. Among the sector indices, the only gainer was communication with 1.19 percent, while the biggest loser was transportation with 3.04 percent.
A negative trend is observed in global markets due to increasing geopolitical tensions and uncertainties regarding the future policies of the US Federal Reserve (Fed).
Analysts are looking for the interest rate decision to be announced by the Central Bank of the Republic of Turkey (CBRT) at the Monetary Policy Committee (PPC) meeting tomorrow, consumer confidence index and weekly money and bank statistics, and abroad, consumer confidence index in the Eurozone, weekly unemployment benefits in the USA. Stating that applications, leading index and second-hand house sales will be followed, he said that technically, 8,900 and 8,800 points in the BIST 100 index are support and 9,200 and 9,300 points are resistance. He noted that he was in position.
All economists participating in AA Finance’s expectations survey expect the CBRT to keep the policy rate constant at 50 percent in November.
The average of economists’ year-end policy rate expectations was calculated as 49.10 percent.
Source: www.dunya.com
