Stock market slightly declined in the first half

The BIST 100 index on Borsa Istanbul fell by 0.2 percent in the first half of the day, dropping to 9,696.16 points. Moving with a downward trend in the morning, the BIST 100 index decreased by 19.43 points and 0.2 percent to 9,696.16 points as of 13:00 compared to the previous closing. The total trading volume was 61.6 billion Turkish lira. While the banking index lost 1.75 percent, the holding index dropped by 0.39 percent. Among the sector indices, financial leasing factoring gained the most with 3.57 percent, while banking suffered the most losses. In the global markets, mixed movements stand out due to uncertainties regarding the U.S.’s protectionist trade stance and developments related to geopolitical tensions. Analysts mentioned that the domestic data agenda is calm in the afternoon, while durable goods orders in the U.S. will be monitored abroad. From a technical perspective, they noted that 9,600 and 9,500 points are support levels, while 9,750 and 9,850 levels are resistance levels for the BIST 100 index.