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Istanbul stocks benchmark turns red after two-day recovery

Interior view of Borsa Istanbul with trading screens File photo shows the trading floor of Borsa Istanbul in Istanbul, Türkiye, accessed on Mar. 26, 2025. (AA Photo)
By Newsroom
Mar 26, 2025 9:58 AM

Borsa Istanbul’s benchmark BIST 100 index opened lower on Wednesday, falling 1.01% to 9,617.01 points after two consecutive days of recovery from last week’s losses.

The banking index declined by 1.85%, while the holding index lost 0.74% in value. Among sector indices, the biggest gainer was information technology with a 0.39% increase, while mining saw the largest loss, dropping 2.29%.

BIST 100 index chart on March 26
The line chart shows Borsa Istanbul’s benchmark BIST 100 index’s daily change, illustrating a decline at the opening on March 26, 2025. (Chart via borsaistanbul.com)

Analysts indicated that the BIST 100 index has support levels at 9,600 and 9,500 points, while resistance levels are positioned at 9,700 and 9,800 points.

BIST 100 closed Tuesday at 9,715.58 points, up 4.48% from the previous session. The total transaction volume reached ₺175.6 billion ($4.62 billion), while the index’s overall market value stood at ₺8.73 trillion.

As of 10:05 a.m. local time (7:05 a.m. GMT), exchange rates stood at ₺38.0045 to the U.S. dollar, ₺41.0310 to the euro, and ₺49.1245 to the British pound.

Meanwhile, according to the sectoral inflation expectations report released by the Turkish central bank for March, households’ 12-month ahead annual inflation expectations slightly increased by 0.1 percentage points to 59.3%.

In contrast, expectations declined among market participants by 0.7 percentage points to 24.6% and by 0.8 percentage points to 41.1% in the real sector.

Last Updated:  Mar 26, 2025 10:39 AM