Turkey's BIST100 Index was down 0.64%[158] On 14 October, BIST100 Index was down by 5 percent.[159] Although on 15 October, Turkish lira raised against dollar and BIST100 gained 1.71% after Trump administration announced sanctions on Turkey. Analysts describe the sanctions as "relatively light" and "window dressing".[160][161] The Turkish lira firmed to 5.75 against the dollar on 18 October after the ceasefire deal with the US where as BIST100 Index was up 3.82%.[162]