The Stock Market Closed Lower Today: the BIST 100 Fell by 1.67 Percent.
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In a week marked by the Fed's interest rate hike decision and the problems in funds at home, the stock market index fell -8.18% to close at 13.284. Of the companies covered by the BIST 100, only 5 completed the week with a premium. Analysts point out that developments in the funds market will be followed next week, pointing to 13,500 as the initial resistance on the stock market.
The BIST 100 index on the Istanbul Stock Exchange closed the week down 1.67 percent at 13,284.42 points. The index fell 225.34 points compared to the previous close.
Shares on the Istanbul Stock Exchange (BIST) lost an average of 8.18 percent this week, while the dollar/TL exchange rate rose by 0.36 percent. The BIST 100 index closed the week at 13,284.42 points, 8.18 percent below the previous week's closing; the price of gold per gram fell by 0.06 percent, and the euro/TL exchange rate decreased by 0.91 percent.
Economy - On the Istanbul Stock Exchange, the BIST 100 index closed the day down 1.67 percent at 13,284.42 points.
Selling pressure intensified in the first half of the last trading day of the week on the Istanbul Stock Exchange. The BIST 100 index fell by 1.67 percent, while all sector indices declined.
In a statement made by Borsa Istanbul to the Public Disclosure Platform (KAP), it was announced that as of 10:05:55, the change in the BIST 100 index exceeded the -2% threshold, therefore short selling in the Equity Market was suspended...
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