MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

MARKET WATCH - FRIDAY, FEBRUARY 20, 2026
OUTLOOK:
THE BIST-100 INDEX STARTED THURSDAY ON A SLIGHTLY POSITIVE TREND, FOLLOWING A BEARISH TRAJECTORY AFTER THE OPENING. AMID RISING SELLING PRESSURE IN THE AFTERNOON, THE INDEX RETREATED TO 13,728.64, ENDING THE DAY AT 13,804.21, DOWN 3.20%. IN SECTORAL INDICES, THE INDUSTRIAL INDEX FELL BY 2.73%, WHILE THE BANKING INDEX EXPERIENCED A DAILY LOSS OF 4.37%. THE FINANCIAL LEASING AND FACTORING INDEX WAS THE MOST POSITIVE PERFORMER WITH A 0.32% GAIN, WHILE THE INSURANCE INDEX WAS THE MOST NEGATIVE WITH ITS 4.57% LOSS. ACCORDING TO THE CBRT`S WEEKLY SECURITIES STATISTICS RELEASED YESTERDAY, IN THE WEEK ENDING FEBRUARY 13, 2026, FOREIGN RESIDENTS (FOREIGN INVESTORS) MADE NET PURCHASES OF USD322.2 MILLION IN EQUITIES, ADJUSTED FOR PRICE AND FX RATE EFFECTS. SINCE THE BEGINNING OF 2026, FOREIGN INVESTORS HAVE MADE NET PURCHASES OF USD1,939 MILLION AT THE BIST. ACCORDING TO WEEKLY NET PURCHASE AND SALE TRANSACTIONS (EXCLUDING REPOS) IN THE GOVERNMENT BOND MARKET, FOREIGNERS MADE NET PURCHASES OF USD1.314 MILLION IN BONDS. THE FEBRUARY FUTURES CONTRACT FOR THE VIOP INDEX CLOSED THE EVENING SESSION DOWN 0.08%. ON THE GLOBAL FRONT, YESTERDAY WAS ALSO A DAY OF SELLING IN EQUITY MARKETS, ALTHOUGH TO A LESSER EXTENT THAN IN THE DOMESTIC MARKET. IN THE U.S., THE DOW JONES INDEX FELL 0.54%, THE S&P 500 INDEX 0.28%, AND THE NASDAQ INDEX 0.31%. ON THE EUROPEAN SIDE, THE GERMAN DAX INDEX DROPPED 0.93%, WHILE THE EURO STOXX 50 INDEX LOST 0.80%. PRESIDENT TRUMP HAS STATED THAT HE HAS BEEN AWAITING THE SUPREME COURT`S DECISION ON TARIFFS FOR MONTHS, ASSERTING HIS RIGHT TO IMPOSE TARIFFS ON NATIONAL SECURITY GROUNDS. ACCORDING TO A WALL STREET JOURNAL REPORT CITING DIPLOMATIC SOURCES, PRESIDENT TRUMP IS ALLEGEDLY CONSIDERING A LIMITED MILITARY STRIKE AGAINST IRAN TO PRESSURE THE TEHRAN REGIME INTO ACCEPTING THE NUCLEAR DEAL. SOURCES NOTE THAT SUCH A MOVE COULD INCREASE PRESSURE ON IRAN WITHOUT TRIGGERING A LARGE-SCALE RETALIATION, AND THAT IF THE PLAN IS APPROVED, THE ATTACK COULD TAKE PLACE WITHIN DAYS AND TARGET MILITARY AND GOVERNMENT FACILITIES. WHILE ASIAN STOCK MARKETS ARE GENERALLY NEGATIVE THIS MORNING, THE SOUTH KOREAN KOSPI INDEX IS SHOWING A POSITIVE DIVERGENCE. MARKETS IN CHINA REMAIN CLOSED FOR A PUBLIC HOLIDAY. FUTURES IN THE U.S. AND EUROPE ARE SHOWING LIMITED POSITIVE PRICE MOVEMENTS. TODAY`S MACROECONOMIC DATA RELEASES IN TURKIYE INCLUDE THE FINANCIAL SERVICES AND REAL SECTOR CONFIDENCE INDICES, AND THE MANUFACTURING CAPACITY UTILIZATION RATE. GLOBALLY, WE WILL BE WATCHING GERMAN PPI, U.S. GDP, CORE PCE, THE UNIVERSITY OF MICHIGAN CONSUMER CONFIDENCE INDEX, AND GLOBAL PMI DATA. BOSTIC AND LOGAN WILL BE SPEAKING AT THE FED. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START FRIDAY WITH A LIMITED RISE, FOLLOWED BY INTRADAY VOLATILITY. SUPPORT: 13,700 - 13,600 RESISTANCE: 13,900 - 14,000.
MONEY MARKET:
THE LIRA WAS NEGATIVE YESTERDAY, WEAKENING 0.01% AGAINST THE USD TO CLOSE AT 43.7636. THE CURRENCY ALSO APPRECIATED BY 0.18% AGAINST A BASKET OF $0.50 AND €0.50. MEANWHILE, THE LOCAL FIXED INCOME MARKETS WERE NEGATIVE. THE TEN-YEAR BENCHMARK BOND YIELD FLUCTUATED BETWEEN A RANGE OF 30.13%-30.34%, CLOSING THE DAY AT 30.26%, UP 19 BPS FROM THE PREVIOUS CLOSE.
COMPANY NEWS:
GARANTI BBVA (GARAN.TI OP): THE BANK HAS SOLD A TOTAL OF TRY 3.49BN GROSS OF ITS NPL PORTFOLIO IN FIVE SEPARATE TRANCHES IN JANUARY 2026 FOR A TOTAL CONSIDERATION OF TRY 440MN. WITHIN THIS SCOPE, PORTFOLIOS WITH A COMBINED GROSS BOOK VALUE OF APPROXIMATELY TRY 2.05BN WERE SOLD TO GELECEK ASSET MANAGEMENT ON JANUARY 24-26, WHILE A TRY 717.9MN PORTFOLIO WAS SOLD TO EMIR ASSET MANAGEMENT ON JANUARY 27 AND A TRY 718.2MN PORTFOLIO WAS SOLD TO BIRIKIM ASSET MANAGEMENT ON JANUARY 28.
KOC HOLDING (KCHOL.TI OP) HAS ANNOUNCED THAT AT ITS BOARD OF DIRECTORS MEETING DATED FEBRUARY 19, 2026, IT RESOLVED TO PROPOSE TO THE GENERAL ASSEMBLY A CASH DIVIDEND PAYMENT OF GROSS TRY 6.83 (NET TRY 5.8055) PER SHARE WITH A NOMINAL VALUE OF TRY 1. BASED ON THE CLOSING PRICE AS OF FEBRUARY 19, 2026, THE PROPOSED CASH DIVIDEND CORRESPONDS TO A GROSS DIVIDEND YIELD OF 3.19%. THE PROPOSED DIVIDEND ENTITLEMENT (EX-DIVIDEND) DATE HAS BEEN SET AS MARCH 25, 2026.
SISE CAM (SISE.TI OP) HAS ANNOUNCED ITS DECISION TO SELL ALL OF THE LAND-TYPE REAL ESTATE PROPERTIES LOCATED IN BEYKOZ/ ISTANBUL, WHICH ARE CLASSIFIED UNDER INVESTMENT PROPERTIES, TO CELIKLER TAAHHUT INSAAT VE SANAYI A.S. FOR A CASH CONSIDERATION OF USD 171.5 MILLION (POSITIVE).



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