The stock market started the week with a decline – Last Minute Economic News

At the opening, the BIST 100 index lost 54.90 points and 0.56 percent compared to the previous closing, falling to 9,759.28 points.

The banking index decreased by 0.45 percent and the holding index decreased by 0.58 percent. Among the sector indices, the only gainer was mining with 0.47 percent, while the biggest loser was tourism with 1.60 percent.

On Tuesday, Borsa Istanbul’s BIST 100 index, which followed a buyer trend, completed the day with a 0.59 percent gain in value at 9,814.19 points, achieving the highest daily closing of all time. The index reached its highest level at 9,849.26 points.

Analysts stated that global stock markets started the week on a positive note with the strengthening of expectations that the increasing tension in the Middle East due to Iran’s attacks on Israel over the weekend has ended, and that the intense data agenda has become the focus of investors this week.

Tensions, which remain high in the Middle East due to the war between Israel and Palestine, reached their peak when Iran attacked Israel with hundreds of kamikaze unmanned aerial vehicles, ballistic and cruise missiles over the weekend.

Analysts stated that the tension in the region decreased after the retaliatory attacks carried out by Iran ended and US President Joe Biden announced that he would not support Israel in a possible counter-attack, and stated that the developments in the region will be closely followed throughout the week.

Analysts stated that unemployment rate and budget balance in the country, industrial production in the Eurozone, retail sales in the USA and New York Fed manufacturing industry index data will be followed abroad today, and from a technical perspective, the 9,800 and 9,900 levels in the BIST 100 index will be resistance, 9,700. and noted that 9,600 points are in a support position.