Daily Bulletin
Tacirler Investment
Good morning. The new week begins with the fall of Syria’s 61-year-old Ba'ath regime and the Assad administration. This development presents opportunities for numerous Turkish companies and industries that could benefit from the region's restructuring process. Initially, cement, construction, infrastructure, iron-steel, and contracting firms are likely to gain, followed by sectors such as furniture, white goods, and food, which could secure new business in the area over time. However, the establishment of a new political order and the clarification of stakeholders will be crucial first steps. Additionally, the ability of relevant companies—already operating at high capacity due to the February 2023 earthquake—to meet the potential increase in demand will be closely monitored. Therefore, developments in this process will be watched carefully. We anticipate a positive reaction from Borsa Istanbul to developments in Syria, particularly in its western regions, considering the momentum the market has already gained recently. From a technical perspective, as long as we remain above the 9,750–9,850 support zone, the 10,500 resistance level will continue to be the target. Meanwhile, global stock markets have started the week on a weak note. Political turmoil in France and South Korea is negatively affecting European and Asian markets. Today's agenda is relatively quiet. Turkey’s 5-year CDS premiums start the day at 248 basis points, falling below 250 basis points for the first time in a long while.