MARKET WATCH (SEKER YATIRIM) MARKET WATCH - THURSDAY, MAY 21, 2026 OUTLOOK: THE BIST-100 INDEX STARTED WEDNESDAY SLIGHTLY NEGATIVELY AT 14,009.02, FLUCTUATING BETWEEN 13,856.12 AND 14,089.76 POINTS THROUGHOUT THE DAY, CLOSING AT 14,012.01, DOWN 0.12%. THE INDUSTRIAL INDEX SHOWED A POSITIVE DIVERGENCE, UP 0.05%, WHILE THE BANKING INDEX SHOWED A NEGATIVE ONE, DOWN 1.11%. THE METAL GOODS AND MACHINERY INDEX WAS THE STRONGEST PERFORMER OF THE DAY WITH A 3.53% INCREASE, WHILE THE BROKERAGE FIRMS INDEX WAS THE WEAKEST WITH ITS 4.02% LOSS. THE VIOP JUNE FUTURES CONTRACT FOR THE NEAR-TERM INDEX ROSE 0.44% IN THE EVENING SESSION. GLOBAL EQUITY MARKETS SAW BUYING ACTIVITY, FUELED BY RISK APPETITE DRIVEN BY EXPECTATIONS OF A POSSIBLE AGREEMENT BETWEEN THE U.S. AND IRAN. ON THE EUROPEAN SIDE, THE GERMAN DAX INDEX ROSE 1.38%, AND THE EURO STOXX 50 INDEX INCREASED BY 2.09%, WHILE IN THE U.S. MARKETS, THE DOW JONES INDEX GAINED 1.31%, THE S&P 500 INDEX ROSE 1.08%, AND THE NASDAQ INDEX INCREASED BY 1.54%. PRESIDENT TRUMP STATED THAT THE AGREEMENT PROCESS BETWEEN THE U.S. AND IRAN WAS IN ITS `FINAL STAGES,` BUT WARNED THAT ATTACKS COULD RESUME IF IRAN DID NOT ACCEPT THE TERMS. IRAN, IN TURN, THREATENED RETALIATION THAT COULD EXTEND BEYOND THE MIDDLE EAST IN RESPONSE TO ANY NEW ATTACKS, AND STATEMENTS FROM BOTH SIDES INDICATED THAT GEOPOLITICAL RISK HAD NOT DISAPPEARED. ON THE OTHER HAND, WHILE THE MEETING BETWEEN TRUMP AND PRESIDENT ERDOGAN FOCUSED ON EXTENDING THE CEASEFIRE AND SEEKING A DIPLOMATIC SOLUTION, MARKETS SAW A PULLBACK IN OIL PRICES AND A RECOVERY IN RISK APPETITE DUE TO EXPECTATIONS OF AN AGREEMENT. THIS MORNING, THE SPOT PRICE OF BRENT OIL IS AT USD102.7. IN THE STOCK MARKET, STRONG GAINS ARE BEING OBSERVED IN ASIAN STOCK MARKETS. THE JAPANESE NIKKEI 225 INDEX IS TRADING WITH GAINS EXCEEDING 3%, AND THE SOUTH KOREAN KOSPI INDEX WITH GAINS EXCEEDING 8%. IN THE FUTURES MARKET, U.S. AND GERMAN DAX FUTURES ARE TRADING FLAT-TO-NEGATIVE AFTER YESTERDAY`S GAINS. WHILE THERE IS NO MAJOR DOMESTIC DATA RELEASE SET TO AFFECT MARKET TRENDS, GLOBAL PMI DATA, ALONG WITH WEEKLY JOBLESS CLAIMS AND THE PHILADELPHIA FED MANUFACTURING INDEX IN THE U.S., ARE THE MARKET FOCUS. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START THURSDAY POSITIVELY, SUPPORTED BY THE POSITIVE OUTLOOK IN GLOBAL MARKETS, AND TO EXPERIENCE VOLATILE INTRADAY TRADING. SUPPORT: 13,850 - 13,750 RESISTANCE: 14,150 - 14,250. MONEY MARKET: THE LIRA WAS NEGATIVE YESTERDAY, WEAKENING 0.04% AGAINST THE USD TO CLOSE AT 45.5935. THE CURRENCY ALSO APPRECIATED BY 0.11% AGAINST A BASKET OF $0.50 AND €0.50. MEANWHILE, THE LOCAL FIXED INCOME MARKETS WERE NEGATIVE. THE TEN-YEAR BENCHMARK BOND WAS TRADED WITHIN A RANGE OF 35.75%-35.85%, ENDING THE DAY AT A 35.75%, 10 BPS ABOVE ITS PREVIOUS CLOSING. SECTOR NEWS: IRON & STEEL SECTOR: THE EUROPEAN PARLIAMENT HAS APPROVED THE EU`S NEW REGULATION ON STEEL IMPORTS. UNDER THE NEW FRAMEWORK, THE DUTY-FREE STEEL IMPORT QUOTA WILL BE LIMITED TO 18.3MN TONS ANNUALLY, WHILE THE ADDITIONAL TARIFF ON ABOVE-QUOTA IMPORTS WILL BE RAISED TO 50%. THE MEASURE POINTS TO THE EU`S STRENGTHENING PROTECTIONIST TRADE POLICIES IN THE STEEL SECTOR, WHILE FOR THE TURKISH STEEL INDUSTRY, IT REMAINS A KEY TOPIC TO MONITOR IN TERMS OF EXPORT ACCESS TO THE EU, ALTERNATIVE MARKET OPPORTUNITIES, AND POTENTIAL TRADE POLICY ACTIONS. COMPANY NEWS: PETKIM (PETKM.TI MP) HAS REPORTED THAT DURING THE WEEK OF MAY 11-15, 2026, THE ETHYLENE-NAPHTHA SPREAD DECLINED BY 16.9% WOW TO USD 574/TON FROM USD 691/TON IN THE PREVIOUS WEEK, DRIVEN BY A 6.3% DECREASE IN ETHYLENE PRICES AND A 2.1% INCREASE IN NAPHTHA PRICES. WE VIEW THIS NOTABLE CONTRACTION IN THE SPREAD AS NEGATIVE FOR PETKIM. TURKIYE SIGORTA (TURSG.TI N/C) HAS ANNOUNCED THE COMPLETION OF THE SETTLEMENT PROCESS RELATED TO THE SHARE SALE CONDUCTED THROUGH THE ACCELERATED BOOKBUILDING METHOD. YAPI VE KREDI BANKASI (YKBNK.TI OP) HAS ANNOUNCED THAT, SUBJECT TO MARKET CONDITIONS, IT HAS MANDATED A GROUP OF BANKS CONSISTING OF ABU DHABI COMMERCIAL BANK, CITIBANK, EMIRATES NBD, FIRST ABU DHABI BANK, JPMORGAN CHASE, SOCIÉTÉ GÉNÉRALE AND STANDARD CHARTERED FOR A POTENTIAL ISSUANCE OF ADDITIONAL TIER 1 (AT1) CAPITAL INSTRUMENTS DENOMINATED IN U.S. DOLLARS ABROAD. 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. 21.05.2026 09:38:10