Daily Bulletin

Good morning. Global markets are making a positive start to the new week. The partial pullback in oil prices, the stable course of U.S. Treasury yields and some company-specific news are bringing buying to U.S. and European futures this morning, while Asian markets are also generally trading with a positive tone. Later in the week, inflation data in the U.S. will be important for the course of global markets, and geopolitical developments will also be monitored. Domestically, we are following the news flow regarding the fund investigations, but their market impact has recently started to remain quite limited. We have recently been observing an ongoing search for a bottom above 12,000 in BIST. As long as there is no new negative development, we may see stabilization in this area, followed by a course focused on company-specific developments and valuations. In this context, let us recall that the 12-month valuation-based BIST 100 index targets are around 17,500, pointing to a 43% return potential on an index basis. While the BIST 100 Index rose 0.4% to 12,265 points on Friday, the companies contributing to the index were ASELS, ASTOR, EREGL, CCOLA, THYAO, while those with a negative impact on the index were TUPRS, SAHOL, KCHOL, TCELL, ISCTR. Companies standing out with steady fund inflows over the past week were SISE, TRMET, SKBNK, FROTO, DOAS. From a technical perspective, the 11,900 / 12,000 area can be monitored as the main support zone in the BIST 100 index, with 12,040 and 12,200 as interim supports. Resistances, on the other hand, are at 12,400 and 12,530. Today's agenda is quiet, while U.S. inflation data stand out later in the week. Turkey's 5-year CDS premium starts the day at 244 basis points.