Daily Bulletin

Good morning. The U.S.–Iran negotiations have begun in Switzerland; however, mutual threats and tensions continue. Geopolitical risks are likely to remain elevated, but markets may find some relief as long as there are no reports of direct military confrontation in the region and shipping traffic through the Strait of Hormuz continues uninterrupted. U.S. and European futures are starting the new week in negative territory, while Asian markets are presenting a mixed performance overall. Borsa Istanbul delivered a strong performance last week, rising by nearly 6%, although momentum weakened on Friday. The BIST 100 Index declined by 0.6% to close at 14,734 points. The five stocks contributing most positively to the index were DSTKF, TUPRS, YKBNK, AKBNK, and MPARK, while ASELS, BIMAS, TCELL, KTLEV, and KCHOL exerted the largest negative impact. Over the past week, the stocks attracting the most consistent fund inflows were TEHOL, EREGL, PEKGY, YKBNK, CWENE, DSTKF, CCOLA, MAVI, KRDMD, EFOR, and GUNDG. From a technical perspective, resistance levels can be monitored at 14,900 and 15,200, while support levels are located at 14,400 and 14,250. Meanwhile, following the Capital Markets Board’s (SPK) decision regarding free-float shares, the widely anticipated index revisions have been announced. There are no changes in the BIST 30 Index, while four stocks will be replaced in the BIST 50 Index and three companies will be added or removed from the BIST 100 Index. The economic calendar is relatively quiet today. Later this week, PMI data from Europe and the United States, along with U.S. inflation and growth indicators, will be the key data releases to watch. Finally, Türkiye’s 5-year CDS premium starts the day at 219 basis points.