BIST 100 ends 1.87 percent lower at 11,577.12 points

The BIST 100 index ended Wednesday's session down 1.87 percent at 11,577.12 points, following a session dominated by selling pressure. Total trading volume reached 85.9 billion lira, while the index fell 220.5 points from the previous close.

Among sector indexes, banking lost 1.38 percent and holding fell 2.92 percent. Insurance recorded the steepest decline among sector indexes, dropping 6.02 percent.

“The banking index lost 1.38 percent and the holding index lost 2.92 percent.”

On Thursday morning, the index opened down 36.50 points, or 0.32 percent, at 11,540.61 points. Banking fell 0.18 percent and holding lost 0.86 percent at the open.

Tourism was the only sector index to gain, rising 0.68 percent, while financial leasing and factoring fell the most, down 5.10 percent.

Global markets traded mixed as concerns persisted over earnings signals from major U.S. technology companies and the financing of artificial intelligence investments. Domestically, attention focused on the Central Bank of the Republic of Turkey's monetary policy decision.

Economists polled by AA Finans expect the Central Bank to cut the policy rate by 100 basis points to 36 percent. Technical analysts identified 11,400 and 11,300 points as support levels and 11,700 and 11,800 points as resistance levels for the BIST 100 index.

In legislative news, the first article of a bill on certain investment funds subject to liquidation was accepted in the Turkish Grand National Assembly General Assembly. Under the proposal, participation shares blocked due to unexecuted instructions caused by fund defaults or undisclosed participation share prices will be subject to liquidation provisions as fund shareholders.