Market Watch (Şeker Yatırım)

Market Watch - Wednesday, July 23, 2025
Outlook:
The BIST 100 Index started Tuesday on a positive trend, struggled to maintain it within a narrow range of 10,593-10,680, then closed the day at 10,616.09, flat. The Industrial Index rose 0.42%, while the Banking Index fell 1.47%. Markets, focused on the CBRT's interest rate decision to be announced on Thursday, sailed a flat course yesterday. Global risk appetite was mixed. European stock markets, excluding the UK, closed lower, while the U.S. stock markets, which are monitoring developments related to trade agreements and the release of corporate financial statements, closed on a mixed note. Asian stock markets saw positive activity this morning following President Trump's statements that Japan had agreed to impose a 15% tariff on its exports to the U.S., while U.S. and German DAX futures also saw positive activity. The VIOP-30 Index closed flat in the evening session, up 0.05%. While no significant macroeconomic data releases are expected to guide markets today, the CBRT's interest rate cut expectations continue to influence the markets. Locally, we expect the Benchmark Index to start Wednesday on a positive trend, in parallel to the global outlook, and subsequently experience volatility. SUPPORT: 10,550 - 10,450 RESISTANCE: 10,750 - 10,900.
Money Market:
The Lira was negative yesterday, weakening 0.08% against the USD to close at 40.4210. The currency also depreciated by 0.28% against a basket of $0.50 and €0.50. Meanwhile, the local fixed income markets were positive. The ten-year benchmark bond was traded within a range of 31.39%-31.53%, ending the day at a low of 31.39%, 15 bps below its previous closing.
Company News:
Zorlu Energy (ZOREN.TI; MP) has announced that upon completion of the sale of all its shares in Israel's Dorad Energy, it has terminated its entire electricity generation and sales operations in Israel. Recall that last week the company sold its 10% stake in the Dorad Power Plant to the Phoenix Group for 282,941,776 NIS (Israeli Shekels), (~USD 84.5mn). In a statement to the Public Disclosure Platform (KAP), the company also announced that it had completed the sale of its remaining 15% stake in Dorad to Ellomay Luzon Energy Infrastructures Ltd. for 424,412,664 NIS (~USD 126.8mn). With these transactions, Zorlu Energy has sold its total 25% stake in Dorad Energy for a total of 707mn NIS (~USD 211.3mn), thereby completely exiting all of its energy investments in Israel (Positive).


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                               Yasal Uyarı
 
  Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım danışmanlığı kapsamında değildir.Yatırım danışmanlığı hizmeti ; aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır.Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır.Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabılır.Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.