MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

MARKET WATCH - THURSDAY, FEBRUARY 26, 2026
OUTLOOK:
THE BIST-100 INDEX STARTED WEDNESDAY NEGATIVELY, CONTINUING ITS NEGATIVE AND VOLATILE TREND THROUGHOUT THE DAY. THE INDEX CLOSED THE DAY AT 13,809.88, DOWN 1.71%. AMONG SECTORAL INDICES, THE INDUSTRIAL INDEX FELL BY 1.82%, WHILE THE BANKING INDEX SAW A LIMITED LOSS OF 0.56%. THE TOURISM INDEX WAS THE MOST POSITIVE PERFORMER WITH A 0.28% GAIN, WHILE THE FINANCIAL LEASING AND FACTORING INDEX WAS THE MOST NEGATIVE WITH ITS 8.17% LOSS. THE FEBRUARY FUTURES CONTRACT FOR THE VIOP INDEX COMPLETED THE EVENING SESSION WITH A LIMITED GAIN OF 0.01%. ON THE GLOBAL FRONT, THE U.S. STOCK MARKETS CLOSED HIGHER, LED BY TECHNOLOGY STOCKS. THE DOW JONES INDEX ROSE BY 0.63%, THE S&P 500 INDEX BY 0.81%, AND THE NASDAQ INDEX BY 1.26%. ON A DAY THAT ALSO SAW POSITIVE CLOSING IN EUROPE, THE GERMAN DAX INDEX ROSE 0.76%, AND THE EURO STOXX 50 INDEX INCREASED BY 0.91%. US TRADE REPRESENTATIVE JAMIESON GREER ANNOUNCED THAT PRESIDENT TRUMP WOULD SIGN AN EXECUTIVE ORDER RAISING GLOBAL TARIFFS TO 15% IN AREAS DEEMED APPROPRIATE. AS THE NEW DAY BEGINS, ASIAN STOCK MARKETS ARE GIVING A MIXED PERFORMANCE. SOUTH KOREA`S KOSPI INDEX IS SHOWING A POSITIVE DIVERGENCE WITH A RISE EXCEEDING 2%. FUTURES IN THE US AND EUROPE ARE SHOWING LIMITED NEGATIVE PRICING. THE MAIN FOCUS OF THE MARKETS TODAY WILL BE THE THIRD ROUND OF US-IRAN NUCLEAR TALKS IN GENEVA, SWITZERLAND. THE TRUMP ADMINISTRATION HAS INCREASED PRESSURE ON TEHRAN AHEAD OF THE TALKS BY IMPOSING SANCTIONS ON OVER 30 ENTITIES SUPPORTING IRAN`S OIL AND ARMS SALES. IN TERMS OF MACROECONOMIC DATA, DOMESTICALLY, THE FOREIGN TRADE BALANCE, ECONOMIC CONFIDENCE INDEX, AND WEEKLY MONEY AND BANKING STATISTICS STAND OUT. GLOBALLY, THE EUROZONE`S ECONOMIC CONFIDENCE INDEX AND CONSUMER CONFIDENCE INDEX DATA, ALONG WITH A SPEECH BY ECB PRESIDENT LAGARDE, WILL BE FOLLOWED, AS WELL AS THE U.S.`S WEEKLY JOBLESS CLAIMS DATA AND A SPEECH BY FOMC MEMBER BOWMAN. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START THURSDAY FLAT AND THEN EXPERIENCE VOLATILE INTRADAY TRADING SUPPORT: 13,800 - 13,600 RESISTANCE: 13,900 - 14,000.
MONEY MARKET:
THE LIRA WAS NEGATIVE YESTERDAY, WEAKENING 0.01% AGAINST THE USD TO CLOSE AT 43.8583. THE CURRENCY ALSO DEPRECIATED BY 0.14% 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 30.18%-30.22%, ENDING THE DAY AT A LOW OF 30.18%, 4 BPS ABOVE ITS PREVIOUS CLOSING.
COMPANY NEWS:
AKBANK (AKBNK.TI OP): IN LINE WITH THE RESOLUTION ADOPTED BY AKBANK`S BOARD OF DIRECTORS AT ITS MEETING DATED FEBRUARY 24, 2026, IT WAS ANNOUNCED THAT FROM THE BANK`S NET PROFIT OF TL 57,247,060,569.93 FOR 2025, A TOTAL GROSS CASH DIVIDEND OF TL 11,449,360,000, CORRESPONDING TO 220.18% OF THE PAID-IN CAPITAL, WILL BE DISTRIBUTED TO SHAREHOLDERS, COMPRISING A PRIMARY GROSS CASH DIVIDEND OF TL 260,000,000 (EQUIVALENT TO 5% OF THE PAID-IN CAPITAL OF TL 5,200,000,000 AS OF DECEMBER 31, 2025) AND A SECONDARY GROSS CASH DIVIDEND OF TL 11,189,360,000 THAT CASH DIVIDEND PAYMENTS WILL COMMENCE AS OF MARCH 26, 2026 AND THAT, IN ACCORDANCE WITH ARTICLE 5(1)(E) OF THE CORPORATE TAX LAW, TL 74,048,994.83 EXEMPT FROM CORPORATE TAX WILL BE ALLOCATED TO A `SPECIAL FUND ACCOUNT`, WHILE AFTER ALLOCATING TL 1,118,936,000 TO LEGAL RESERVES, THE REMAINING PROFIT WILL BE TRANSFERRED TO EXTRAORDINARY RESERVES, SUBJECT TO THE APPROVAL OF THE ORDINARY GENERAL ASSEMBLY. ACCORDINGLY, THE NET CASH DIVIDEND TO BE PAID PER SHARE WITH A NOMINAL VALUE OF TL 1 WILL AMOUNT TO TL 1.871530.
CIMSA (CIMSA.TI OP) IS EXPECTED TO ANNOUNCE ITS 4Q25 CONSOLIDATED FINANCIAL RESULTS AFTER THE CLOSE OF THE TURKISH MARKETS TODAY. FOR 4Q25, WE EXPECT THE COMPANY TO GENERATE NET SALES OF TRY 11,226 MILLION (MARKET MEDIAN EXPECTATION: TRY 11,271 MILLION). ON THE EBITDA SIDE, WHILE THE MARKET MEDIAN EXPECTATION STANDS AT TRY 2,310 MILLION, OUR ESTIMATE IS SLIGHTLY HIGHER AT TRY 2,377 MILLION. OVERALL, WE EXPECT THE COMPANY TO POST A NET PROFIT OF TRY 1,637 MILLION IN THE FOURTH QUARTER (MARKET MEDIAN EXPECTATION: TRY 817 MILLION).
ISBANK (ISCTR. TI OP): IN LINE WITH THE BOARD OF DIRECTORS` DECISION REGARDING PROFIT DISTRIBUTION, ISBANK HAS ANNOUNCED THAT ISCTR WILL DISTRIBUTE A NET CASH DIVIDEND OF TL 0.4585927 PER TL 1 NOMINAL SHARE, WITH THE EX-DIVIDEND DATE ON APRIL 1, 2026, RECORD DATE ON APRIL 2, 2026, AND PAYMENT DATE ON APRIL 3, 2026 BASED ON A SHARE PRICE OF TL 16.95, THE NET DIVIDEND YIELD STANDS AT APPROXIMATELY 2.71.



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