Daily Bulletin

Good morning. U.S. equity markets closed yesterday at record highs ahead of today’s Christmas holiday. Global risk appetite is flat this morning, with holiday effects becoming more pronounced. Nevertheless, expectations for the coming year continue to point to a positive trend across both U.S. and European equity markets. In Borsa Istanbul, the BIST 100 Index rose by 0.44% yesterday, moving back above the 11,300 level. The top five positive contributors to the index were BIMAS, ASELS, TUPRS, SAHOL, and KCHOL, while AKBNK, TRALT, YKBNK, EFOR, and ISCTR had the most negative impact. Over the past week, stocks attracting consistent fund inflows included ASTOR, EREGL, GARAN, TRENJ, ASELS, CWENE, and BRSAN. Based on questions received from investors, we understand that there are some uncertainties regarding fund inflows and outflows. We would like to note that these figures are calculated across all transactions, including both domestic and foreign investors, and are analyzed separately on an institutional and company basis, with close attention to the daily buyer–seller balance. These data are monitored as a time series. We provide detailed explanations on this methodology in our broadcasts on the Tacirler Investment YouTube channel. From a technical perspective, for the short term, the 11,400 / 11,470 range and the 11,605 level can be monitored as resistance zones, while 11,250 and the 11,070 / 11,150 band stand out as key support areas. Long-term valuations continue to indicate a level of around 15,500 for the BIST 100 Index on a 12-month horizon. On today’s agenda, domestic data releases include real sector confidence, reserves, and foreign investor transactions. Türkiye’s five-year CDS premiums remain flat at around 205 basis points, continuing to trade at the lowest levels seen over the past seven and a half years.