AI-generated summary
Global markets are negatively affected by geopolitical tension in the Middle East and concerns about artificial intelligence investments.
While the BIST 100 index decreased by 103.38 points compared to the previous closing, the total transaction volume reached 148.8 billion lira.
The banking index lost 1.58 percent and the holding index lost 0.64 percent.
Among the sector indices, the biggest gainer was trade with 1.01 percent, and the biggest loser was the main metal industry with 6.01 percent.
Global markets are trending negatively due to the selling pressure created by rising geopolitical tensions in the Middle East and increasing concerns about artificial intelligence investments.
Analysts stated that an intense data agenda will be followed next week, especially the unemployment rate, foreign trade balance, economic confidence index, and the interest rate decision of the US Federal Reserve (Fed) abroad, and noted that technically, 11,100 and 11,000 points in the BIST 100 index are support, and 11,200 and 11,300 points are resistance.
AI outlook — possibilities, not facts
In the BIST 100 index, 11,100 and 11,000 points will be watched as support, and 11,200 and 11,300 points will be watched as resistance.
Possible · Within days

Minister of Commerce Ömer Bolat stated at the GO GLOBAL Türkiye Summit that Türkiye's startup ecosystem grew 9.4 times between 2019-2024. Emphasizing that the trade volume target with the USA is 100 billion dollars, Bolat emphasized technology and digitalization.
The German unit of Italian insurance company Generali announced that it will lay off 800 employees by 2030. The company stated that the layoffs will be made largely through voluntary retirement and that it will invest 100 million euros in technology and artificial intelligence.
In the USA, the consumer confidence index of the University of Michigan fell to 48 in October, the lowest level in the last 5 months. Short- and long-term inflation expectations increased for the second month in a row.

Manufacturing industry PMI in the USA reached 56 in October, the highest level in the last 53 months. While the services sector PMI decreased to 57.9, the composite PMI was recorded as 57.6.
Although the S&P Global leading composite index fell to 57.6 in October, it maintained the second highest level since 2022. While strong consumer spending and artificial intelligence investments supported growth, the increase in energy and raw material costs reached a four-year peak.

Borsa Istanbul lost all its gains of the year due to the loss of confidence triggered by fund investigations, the CBRT's interest rate decision and the turbulence in global markets. BIST 100 index dropped to 10,800 levels.