Recovery in the BIST 100 Index Borsa Istanbul's BIST 100 index closed the final trading day of the week on a positive note, despite the shadow of geopolitical tensions.
Starting the day with a limited decline of 0.16% at 13,782.50 points, the index compensated for its losses through buying activity that remained effective throughout the session.
The index concluded the day at 13,934.06 points, an increase of 129.56 points compared to the previous close.
Geopolitical Impact on Global and Local Markets Global markets spent the week under pressure as tensions between the United States and Iran escalated.
Domestically, Thursday saw the sharpest decline in the last two months, with the index losing 3.20% due to war concerns.
Reaction buying on Friday allowed the market to recoup some of the losses incurred in the previous session.
Sectoral Outlook and Trading Volume Divergences were observed among sector indices.
While the banking index completed the day with a 0.46% increase, the holding index lost 1.33% in value.
The top-performing sector of the day was financial leasing and factoring with a 2.92% increase, while holding and investment trusts saw the most significant declines.
The total trading volume on Borsa Istanbul was recorded at 76.4 billion lira.
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BIST 100 Index Closes Week at 13,934 Points: Reaction Buying Proves Effective
Borsa Istanbul's BIST 100 index recovered from Thursday's sharp decline with reaction buying on Friday, ending the week up 0.94% at 13,934.06 points.
Sources
- Borsanın Gündemi · baglanti