MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

MARKET WATCH - TUESDAY, FEBRUARY 24, 2026
OUTLOOK:
THE BIST-100 INDEX STARTED MONDAY POSITIVELY, FOLLOWING A VOLATILE POSITIVE TREND THROUGHOUT THE DAY TO CLOSE AT 14,061.71, UP 0.92%. AMONG SECTORAL INDICES THE INDUSTRIAL INDEX ROSE BY 1.64%, WHILE THE BANKING INDEX SHOWED A POSITIVE DIVERGENCE WITH A 2.23% GAIN. THE FINANCIAL LEASING AND FACTORING INDEX WAS THE MOST POSITIVE PERFORMER WITH AN 8.60% GAIN, WHILE THE TRANSPORTATION INDEX WAS THE MOST NEGATIVE WITH A 1.14% LOSS. THE VIOP FEBRUARY FUTURES CONTRACT COMPLETED THE EVENING SESSION WITH A LIMITED DECREASE OF 0.11%. ON THE GLOBAL FRONT, MONDAY WAS A DAY OF SELLING IN EQUITY MARKETS. IN ADDITION TO THE RISK OF NEW TARIFFS BY THE TRUMP ADMINISTRATION FOLLOWING THE U.S. SUPREME COURT`S TARIFF DECISION ON FRIDAY AND AMID MOUNTING TRADE TENSION WITH THE EU, NEGATIVE REPORTS AND STATEMENTS REGARDING AI-RELATED STOCKS ACCELERATED SALES, LED BY THE TECHNOLOGY SECTOR. AS A RESULT OF THESE DEVELOPMENTS, A DOWNTREND WAS OBSERVED, PARTICULARLY IN THE U.S. STOCK MARKETS. THE DOW JONES INDEX FELL 1.66%, THE S&P 500 INDEX 1.04%, AND THE NASDAQ INDEX 1.13%. IN EUROPE, THE GERMAN DAX INDEX DROPPED 1.06%, WHILE THE EURO STOXX 50 INDEX SAW A LIMITED DECLINE OF 0.24%. PRESIDENT TRUMP HAS STATED THAT NEWS REPORTS DISCUSSING POTENTIAL WAR SCENARIOS WITH IRAN WERE UNTRUE, SAYING, `I AM THE ONE THAT MAKES THE DECISION, I WOULD RATHER HAVE A DEAL THAN NOT BUT, IF WE DON`T MAKE A DEAL, IT WILL BE A VERY BAD DAY FOR THAT COUNTRY AND, VERY SADLY, ITS PEOPLE.` AT THE START OF THE NEW DAY, MOST ASIAN STOCK MARKETS ARE SHOWING POSITIVE TRENDS. THE HONG KONG HANG SENG IS DIVERGING NEGATIVELY, WITH A DECLINE EXCEEDING 2%. FUTURES IN THE U.S. AND EUROPE ARE SHOWING LIMITED POSITIVE PRICE MOVEMENTS. THERE ARE NO MAJOR MACROECONOMIC DATA RELEASES SCHEDULED FOR TODAY THAT WOULD SIGNIFICANTLY IMPACT DOMESTIC MARKETS. ABROAD, KEY DATA RELEASES IN THE U.S. INCLUDE THE CB CONSUMER CONFIDENCE INDEX AND THE HOUSING PRICE INDEX. ON THE FED SIDE, SPEECHES BY GOOLSBEE, BOSTIC, COLLINS, WALLER, COOK, BARKIN, AND COLLINS WILL BE CLOSELY WATCHED. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START TUESDAY WITH A LIMITED NEGATIVE PERFORMANCE, FOLLOWED BY VOLATILE INTRADAY TRADING. SUPPORT: 13,900 - 13,800 RESISTANCE: 14,100 - 14,200.
MONEY MARKET:
THE LIRA WAS POSITIVE YESTERDAY, GAINING 0.01% AGAINST THE USD TO CLOSE AT 43.8427. THE CURRENCY ALSO DEPRECIATED BY 0.02% 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 RANGE OF 29.96%-30.14%, ENDING THE DAY AT A HIGH OF 30.14%, 3 BPS ABOVE ITS PREVIOUS CLOSING.
COMPANY NEWS:
ASELSAN (ASELS.TI OP) IS EXPECTED TO ANNOUNCE ITS 4Q25 FINANCIAL RESULTS AFTER THE CLOSE OF THE TURKISH MARKETS TODAY. FOR 4Q25, WE EXPECT THE COMPANY TO GENERATE NET SALES OF TRY 83,120 MILLION (MARKET MEDIAN EXPECTATION: TRY 83,019 MILLION). ON THE EBITDA SIDE, WHILE THE MARKET MEDIAN EXPECTATION STANDS AT TRY 21,317 MILLION, OUR ESTIMATE IS SLIGHTLY HIGHER AT TRY 21,545 MILLION. OVERALL, WE EXPECT THE COMPANY TO POST A NET PROFIT OF TRY 12,093 MILLION IN THE FOURTH QUARTER (MARKET MEDIAN EXPECTATION: TRY 11,146 MILLION).
EMLAK KONUT REIT (EKGYO.TI N/C) HAS ANNOUNCED THAT THE AGREEMENT OF THE IZMIR CESME MUSALLA 1TH STAGE REVENUE SHARING MODEL PROJECT IN RETURN FOR LAND SALE, HAS BEEN SIGNED WITH THE COMPANY YP INSAAT A.S. THE TENDER RESULTS ARE AS FOLLOWS ESTIMATED TOTAL SALES REVENUE: TRY 4,000,000,000, COMPANY REVENUE SHARE RATIO: 40%, COMPANY`S SHARE IN TOTAL REVENUE: TRY 1,600,000,000.
EMLAK KONUT REIT (EKGYO.TI N/C) HAS ANNOUNCED THAT WITHIN THE SCOPE OF THE COOPERATION PROTOCOL SIGNED BETWEEN THE COMPANY AND ILLER BANKASI A.S., THE AGREEMENT FOR THE IZMIR BAYRAKLI 1ST STAGE REVENUE SHARING MODEL PROJECT IN RETURN FOR AND SALE HAS BEEN SIGNED WITH THE CONTRACTOR, EN-EZ INS. SAN. VE TIC. A.S. & SRL INS. TAAH. TURZ. ELEK. TIC. VE SAN. LTD. STI JOINT VENTURE (ENEZ INS. A.S. - SRL INSAAT LTD. STI. IZMIR BAYRAKLI ORDINARY PARTNERSHIP). THE TENDER RESULTS ARE AS FOLLOWS ESTIMATED TOTAL SALES REVENUE: TRY 6,161,061,000, COMPANY REVENUE SHARE RATIO: 40%, COMPANY`S SHARE IN TOTAL REVENUE: TRY 2,464,424,400.
EMLAK KONUT REIT (EKGYO.TI NC) HAS ANNOUNCED THAT WITHIN THE SCOPE OF THE COOPERATION PROTOCOL SIGNED BETWEEN THE COMPANY, FENERBAHCE SPOR KULUBU VE AKFIN GAYRIMENKUL DEGERLENDIRME A.S., THE CONSTRUCTION SITE OF THE ISTANBUL ATASEHIR KAYISDAGI REVENUE SHARING MODEL PROJECT IN RETURN FOR LAND SALE WAS DELIVERED TO PEKERLER INS. ENERJI TAS. TUR. SAN. VE TIC. LTD. STI., ON MONDAY, 23.02.2026. (RELATED COMPANIES: FENER.TI).
PETKIM (PETKM.TI MP) HAS REPORTED THAT DURING THE WEEK OF FEBRUARY 16-20, 2026, THE ETHYLENE-NAPHTHA SPREAD DECREASED BY 7.8% WOW TO USD 173/TON, DRIVEN BY A 0.4% INCREASE IN ETHYLENE PRICES AND A 3.3% INCREASE IN NAPHTHA PRICES.
WE VIEW THE NOTABLE CONTRACTION IN THE SPREAD AS NEGATIVE FOR PETKIM.



SEKER YATIRIM MENKUL DEGERLER A.S
WWW.SEKERYATIRIM.COM.TR

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YASAL UYARI

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