MARKET WATCH (SEKER YATIRIM) MARKET WATCH - TUESDAY, DECEMBER 30, 2025 OUTLOOK: THE BIST-100 INDEX STARTED MONDAY WITH LIMITED POSITIVE GAINS, FOLLOWED A BEARISH TREND AND, AMID ACCELERATING SELLING TOWARDS THE CLOSE, ENDED AT ITS LOWEST TRADING LEVEL OF 11,150.90, DOWN 1.27%. AMONG SECTORAL INDICES, THE INDUSTRIAL INDEX FELL BY 1.93%, WHILE THE BANKING INDEX WAS THE MOST POSITIVE PERFORMER WITH A 0.62% GAIN. THE MOST NEGATIVELY PERFORMING INDEX WAS THE BROKERAGE FIRMS INDEX, WHICH LOST 6.39%. THE DECLINE IN THE BANKING INDEX, WHICH HAD CLOSED LOWER ON ALL FOUR PREVIOUS TRADING DAYS, ENDED WITH YESTERDAY`S POSITIVE CLOSE. ACCORDING TO BRSA DATA, THE NET PROFIT OF THE BANKING SECTOR FOR THE 11-MONTH PERIOD COVERING JANUARY-NOVEMBER 2025 WAS TRY 842.85 BILLION (JANUARY-NOVEMBER 2024: TRY 583.12 BILLION). DURING THE SAME PERIOD, THE SECTOR`S TOTAL ASSETS AMOUNTED TO TRY 44 TRILLION 968 BILLION (PREVIOUS: TRY 44 TRILLION 119 BILLION). PRESIDENT TRUMP, WHEN ASKED ABOUT THE POSSIBILITY OF A CONFLICT BETWEEN TURKEY AND ISRAEL, STATED, `I HAVE A GREAT RELATIONSHIP WITH PRESIDENT ERDOGAN, AND WE`LL BE TALKING ABOUT IT. AND IF IT`S GOOD, I THINK THAT`S GOOD. BIBI (ISRAELI PRIME MINISTER NETANYAHU) RESPECTS HIM TOO. THERE WILL BE NO PROBLEM BETWEEN THEM. WE WILL NOT HAVE A PROBLEM.` REGARDING HIS THOUGHTS ON THE SALE OF F-35 FIGHTER JETS TO TURKIYE, TRUMP SAID, `WE ARE CONSIDERING THIS VERY SERIOUSLY. THEY WILL NEVER USE THIS AGAINST ISRAEL, I PROMISE.` HE ALSO ADDED THAT PRESIDENT ERDOGAN PLAYED A SIGNIFICANT ROLE IN THE POLITICAL TRANSFORMATION PROCESS IN SYRIA AND DESERVED PRAISE. THE DECEMBER FUTURES CONTRACT FOR THE NEAR-TERM INDEX COMPLETED THE EVENING SESSION WITH A LIMITED INCREASE OF 0.04%. ON THE GLOBAL FRONT, THE U.S. STOCK MARKETS ENDED MONDAY WITH SELLING PRESSURE. THE DOW JONES INDEX FELL BY 0.51%, THE S&P 500 INDEX BY 0.35%, AND THE NASDAQ INDEX BY 0.50%. EUROPEAN STOCK MARKETS, HOWEVER, SHOWED LIMITED POSITIVE PRICING. THIS MORNING, MOST ASIAN MARKETS ARE GIVING A LIMITED NEGATIVE PERFORMANCE, WHILE CHINESE MARKETS ARE LIMITED POSITIVE. IN FUTURES MARKETS, THE U.S. FUTURES AND GERMAN DAX FUTURES ARE TRADING FLAT. ON THE MACROECONOMIC DATA AGENDA FOR THE DAY, DOMESTICALLY, THE UNEMPLOYMENT RATE FOR NOVEMBER AND THE ECONOMIC CONFIDENCE INDEX FOR DECEMBER, TO BE RELEASED BY TURKSTAT, WILL BE MONITORED. GLOBALLY, KEY EVENTS INCLUDE U.S. HOUSING PRICE INDEX DATA FOR OCTOBER AND THE MINUTES OF THE FED`S FINAL FOMC MEETING OF THE YEAR, HELD ON DECEMBER 9-10. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START TUESDAY LIMITED POSITIVE, FOLLOWED BY INTRADAY VOLATILITY. SUPPORT: 11,050 - 10,950 RESISTANCE: 11,250 - 11,350. MONEY MARKET: THE LIRA WAS NEGATIVE YESTERDAY, WEAKENING 0.04% AGAINST THE USD TO CLOSE AT 42.9345. THE CURRENCY ALSO APPRECIATED BY 0.01% 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 29.10%-29.33%, ENDING THE DAY AT A LOW OF 29.10%, 55 BPS BELOW ITS PREVIOUS CLOSING. COMPANY NEWS: AKCANSA (AKCNS.TI OP) HAS ANNOUNCED THAT, PER THE BOARD OF DIRECTORS` RESOLUTION DATED 29.12.2025, AN APPLICATION SHALL BE FILED TO THE CAPITAL MARKETS BOARD OF TURKEY WITH A REQUEST FOR THE APPROVAL OF THE ISSUE DOCUMENT REGARDING THE DEBT SECURITIES THAT SHALL BE ISSUED AT ONCE, OR AT MULTIPLE TIMES BY THE COMPANY IN TURKISH LIRA IN AN AMOUNT NOT EXCEEDING TRY 10,000,000,000 (TEN BILLION TURKISH LIRAS) AT VARIOUS MATURITIES UP TO A MAXIMUM OF 3 YEARS, TO BE SOLD TO QUALIFIED INVESTORS WITHOUT ANY DOMESTIC PUBLIC OFFERING. TOFAS (TOASO.TI OP) HAS ANNOUNCED THAT DUE TO THE END-OF-YEAR STOCK TAKING AND PROGRAMMED MAINTENANCE ACTIVITIES, MANUFACTURING ACTIVITIES AT ITS BURSA FACTORY WILL BE SUSPENDED FROM JANUARY 2ND, 2026 TO JANUARY 11TH, 2026. THE PLANT WILL RESUME MANUFACTURING OPERATIONS AS OF JANUARY 12TH, MONDAY, 2026 (NEUTRAL). TURKISH AIRLINES (THYAO.TI OP) HAS ANNOUNCED THAT NEWS PUBLISHED IN VARIOUS MEDIA OUTLETS ALLEGING THAT AN AIRCRAFT OWNED BY THE COMPANY WAS DONATED TO THE REPUBLIC OF ALBANIA DOES NOT REFLECT THE FACTS. THE AIRCRAFT IN QUESTION HAS NEVER BEEN OWNED BY THE COMPANY AND PROVIDED SERVICES SOLELY FOR OPERATIONAL PURPOSES. TURKISH AIRLINES (THYAO.TI OP) HAS ANNOUNCED THAT WITHIN THE SCOPE OF THE SHARE BUY-BACK PROGRAM, THYAO SHARES WITH A TRY 379,000 NOMINAL VALUE WERE BOUGHT BACK BY THE COMPANY FOR TRY 100.1 MILLION ON DECEMBER 29, 2025 WITHIN A PRICE RANGE OF TRY 264.00 - TRY 264.50 (WEIGHTED AVERAGE TRY 264.25) PER SHARE ON BORSA ISTANBUL. FOLLOWING THE TRANSACTION THE TOTAL NOMINAL VALUE OF REPURCHASED SHARES HAS REACHED TRY 6,655,244 WHICH REPRESENTS 0.482264% OF THE COMPANY`S CAPITAL (POSITIVE). SEKER YATIRIM MENKUL DEGERLER A.S WWW.SEKERYATIRIM.COM.TR *** YASAL UYARI BURADA YER ALAN YATIRIM BILGI, YORUM VE TAVSIYELER YATIRIM DANISMANLIGI KAPSAMINDA DEGILDIR.YATIRIM DANISMANLIGI HIZMETI ARACI KURUMLAR, PORTFOY YONETIM SIRKETLERI, MEVDUAT KABUL ETMEYEN BANKALAR ILE MUSTERI ARASINDA IMZALANACAK YATIRIM DANISMANLIGI SOZLESMESI CERCEVESINDE SUNULMAKTADIR.BURADA YER ALAN YORUM VE TAVSIYELER, YORUM VE TAVSIYEDE BULUNANLARIN KISISEL GORUSLERINE DAYANMAKTADIR.BU GORUSLER MALI DURUMUNUZ ILE RISK VE GETIRI TERCIHLERINIZE UYGUN OLMAYABILIR.BU NEDENLE, SADECE BURADA YER ALAN BILGILERE DAYANILARAK YATIRIM KARARI VERILMESI BEKLENTILERINIZE UYGUN SONUCLAR DOGURMAYABILIR. 30.12.2025 09:44:21