MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

MARKET WATCH - THURSDAY, FEBRUARY 12, 2026
OUTLOOK:
THE BIST-100 INDEX STARTED WEDNESDAY ON A NEGATIVE TREND, THEREAFTER FOLLOWING A VOLATILE COURSE. DURING THE SESSION, THE INDEX TESTED THE RESISTANCE LEVEL OF 13,900.00, BUT FAILED TO MAINTAIN ITS POSITION ABOVE IT. THE INDEX CLOSED THE DAY AT 13,787.82, DOWN 0.07%. AMONG SECTORAL INDICES, THE BANKING INDEX ROSE BY 0.43%, WHILE THE INDUSTRIAL INDEX SHOWED A POSITIVE DIVERGENCE, UP 0.87%. THE COMMUNICATIONS INDEX WAS THE MOST POSITIVE PERFORMER WITH A 3.12% GAIN, WHILE THE TOURISM INDEX WAS THE MOST NEGATIVE WITH A 2.31% LOSS. THE FEBRUARY FUTURES CONTRACT FOR THE INDEX ROSE BY 0.33% IN THE EVENING SESSION. ON THE GLOBAL FRONT, LIMITED LOSSES WERE OBSERVED IN THE U.S. STOCK MARKETS YESTERDAY. THE DOW JONES INDEX FELL 0.13%, WHILE THE NASDAQ INDEX DROPPED 0.16%. THE S&P 500 INDEX CLOSED FLAT. ACCORDING TO DELAYED DATA FROM THE U.S., NON-FARM PAYROLLS INCREASED BY 130,000 IN JANUARY, EXCEEDING EXPECTATIONS (EXPECTED: +65,000). THE UNEMPLOYMENT RATE FELL FROM 4.4% TO 4.3% (EXPECTED: 4.4%). EUROPEAN STOCK MARKETS GAVE A MIXED PERFORMANCE YESTERDAY, WHILE ASIAN MARKETS CLOSED POSITIVELY. PRESIDENT TRUMP TOLD ISRAELI PRIME MINISTER NETANYAHU THAT HE PREFERRED TO REACH AN AGREEMENT WITH IRAN, BUT SAID HE WAS CONSIDERING SENDING A SECOND AIRCRAFT CARRIER TO THE MIDDLE EAST IN PREPARATION FOR MILITARY ACTION IF NEGOTIATIONS FAILED. ASIAN STOCK MARKETS ARE GENERALLY POSITIVE THIS MORNING. THE U.S. AND EUROPEAN FUTURES ARE SHOWING LIMITED GAINS. TODAY`S MACROECONOMIC DATA RELEASES IN TURKEY INCLUDE THE CBRT`S FIRST INFLATION REPORT OF THE YEAR AND WEEKLY MONEY AND BANKING STATISTICS. THE MARKET WILL CLOSELY WATCH WHETHER THE INFLATION REPORT INCLUDES ANY CHANGES TO THE YEAR-END INFLATION FORECAST AND INTERIM TARGETS. BASED ON THE FIRST INFLATION DATA OF THE YEAR AND THE LEADING INDICATORS FOR FEBRUARY, WE NOTE THAT SHORT-TERM INTRADAY VOLATILITY IN MACROECONOMIC INDICATORS MAY OCCUR DEPENDING ON THE CBRT`S UPDATES TO ITS INTERIM TARGETS AND FORECASTS. GLOBALLY, TODAY`S KEY DATA RELEASES INCLUDE THE U.S. WEEKLY JOBLESS CLAIMS AND UK GDP AND INDUSTRIAL PRODUCTION FIGURES. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START THURSDAY WITH LIMITED GAINS, FOLLOWED BY A VOLATILE TREND. SUPPORT: 13,600 - 13,500 RESISTANCE: 13,900 - 14,000.
MONEY MARKET:
THE LIRA WAS POSITIVE YESTERDAY, GAINING 0.01% AGAINST THE USD TO CLOSE AT 43.6265. THE CURRENCY ALSO APPRECIATED BY 0.26% AGAINST A BASKET OF $0.50 AND €0.50. MEANWHILE, THE LOCAL FIXED INCOME MARKETS WERE RELATIVELY FLAT. THE TEN-YEAR BENCHMARK BOND WAS TRADED WITHIN A TIGHT RANGE OF 30.11%-30.21%, ENDING THE DAY AT A LOW OF 30.11%, 7 BPS ABOVE ITS PREVIOUS CLOSING.
HEADLINES:
ON THE MACROECONOMIC DATA AGENDA TODAY, THE CENTRAL BANK OF THE REPUBLIC OF TURKIYE (CBRT) WILL PUBLISH ITS FIRST INFLATION REPORT OF THE YEAR. THE MAIN TOPICS TO BE CLOSELY MONITORED BY THE MARKET WILL BE WHETHER THERE WILL BE ANY CHANGES TO THE YEAR-END INFLATION FORECAST AND INTERIM TARGETS. WE WOULD LIKE TO NOTE THAT, IN LIGHT OF THE FIRST INFLATION DATA OF THE YEAR AND FEBRUARY LEADING INDICATORS, SHORT-TERM VOLATILITY IN MACRO INDICATORS MAY OCCUR DURING THE DAY, DEPENDING ON THE CBRT`S INTERIM TARGET AND FORECAST UPDATES. OUR DETAILED ANALYSIS WILL BE PUBLISHED DURING THE DAY.
COMPANY NEWS:
KOC HOLDING (KCHOL.TI OP) HAS REPORTED A NET PROFIT OF TRY 7,024MN IN 4Q25 BASED ON ITS INFLATION-ADJUSTED FINANCIALS (IAS 29), EXCEEDING THE RT MEDIAN EXPECTATION OF TRY 4,416MN BY 59.1% (4Q24: TRY -7,996MN). THE HOLDING`S TOTAL REVENUES CAME IN AT TRY 717,541MN, MARKING A LIMITED CONTRACTION OF 0.9% COMPARED TO THE SAME QUARTER OF THE PREVIOUS YEAR (4Q24: TRY 724,191MN). INCLUDING THE IAS 29 IMPACT, EBITDA INCREASED BY 40.9% YOY TO TRY 52,501MN (4Q24: TRY 37,272MN), WHILE THE EBITDA MARGIN IMPROVED BY 2.2 PERCENTAGE POINTS ANNUALLY TO 7.3% (POSITIVE).


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