Geopolitical Pressure on Borsa Istanbul: BIST 100 Index Closes Down 3.20%

Sharp Decline in BIST 100 Index The BIST 100 index at Borsa Istanbul closed the day with a 3.20% loss, pressured by geopolitical risks in global markets.
With a total trading volume of 221.9 billion lira, the index decreased by 455.69 points compared to the previous close, falling to 13,804.21 points.
Selling Pressure Across Sectoral Indices The banking index lost 4.37%, while the holding index fell by 4.57%.
Among sector indices, insurance and investment trusts were the biggest losers, both dropping 4.57%.
Financial leasing and factoring was the only group to finish the day in positive territory, with a limited increase of 0.32%.
Global Geopolitical Risks Weigh on Markets Developments involving the United States and Iran played a decisive role in the market's negative performance.
The deployment of U.S.
fighter jets to the region and joint naval exercises by Iran and Russia in the Sea of Oman reduced risk appetite.
Kremlin Spokesperson Dmitry Peskov called for restraint from all parties, emphasizing the importance of negotiations.
Domestic Data and Macroeconomic Indicators On the domestic front, housing sales in January decreased by 4.7% year-on-year to 111,480 units, while the consumer confidence index rose by 2.3% in February to reach 85.7.
Additionally, Turkey's short-term external debt stock was announced at $165.7 billion as of the fourth quarter of 2024, a slight decrease of 0.3%.
Market Expectations and Technical Levels Analysts noted that investors will monitor domestic real sector confidence and manufacturing capacity utilization rates tomorrow.
Internationally, U.S.
growth data and global PMI figures will be in focus.
From a technical perspective, the 13,600 and 13,500 levels are identified as support for the BIST 100 index, while 13,900 and 14,000 points serve as resistance zones.