While the BIST 100 index decreased by 34.61 points compared to the previous close, the total transaction volume was realized at the level of 146.6 billion liras.

The banking index gained 1.77 percent and the holding index gained 0.09 percent. Among the sector indices, financial leasing and factoring had the highest gains with 6.44 percent, while the highest losers were transportation with 2.91%.

BIST 100 index, which hit a record level with 8,013.52 points, was balanced above 7,900 points with profit sales from this level.

Analysts stated that a positive trend was observed in global stock markets with the strengthening of expectations that the US Federal Reserve’s (Fed) interest rate hikes might come to an end, and noted that the data flow regarding the labor market in the country is expected to have an impact on asset prices.

While Fed Chairman Jerome Powell’s statements on Friday were interpreted as “neither hawk nor pigeon” in the markets, it is predicted that the signals from the labor market may further reduce the uncertainties regarding the Fed’s monetary policies in the future.

Stating that the markets will be closed tomorrow due to the August 30 Victory Day, the analysts stated that the data agenda will be followed, especially the growth and ADP private sector employment in the USA, inflation in Germany, and the economic confidence index in the Euro Zone. He noted that 8,000 and 8,200 levels are in the resistance position, and 7,900 and 7,750 points are in the support position in the index.

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