MARKET WATCH (SEKER YATIRIM) MARKET WATCH - MONDAY, MAY 25, 2026 OUTLOOK: THE BIST-100 INDEX STARTED FRIDAY NEGATIVELY, FOLLOWED A POSITIVE TREND THROUGHOUT THE DAY AMID BUYING INTEREST, AND CLOSED AT 13,808.20, UP 4.89%. THUS, A SIGNIFICANT PORTION OF THURSDAY`S SHARP 6.05% INDEX DROP FOLLOWING THE `ABSOLUTE NULLITY` DECISION REGARDING THE CHP`S 38TH ORDINARY CONGRESS WAS RECOVERED. IN THE SECTORAL VIEW, THE RECOVERY SEEN IN BANKING STOCKS WAS MORE LIMITED COMPARED TO THE MAIN INDEX, WITH THE BANKING INDEX CLOSING THE DAY UP 2.84%. THE INDUSTRIAL INDEX, ON THE OTHER HAND, GAINED 5.13%, EXHIBITING A PERFORMANCE PARALLEL TO THE MAIN INDEX. THE VIOP JUNE FUTURES CONTRACT FOR THE NEAR-TERM INDEX DECLINED BY 0.47% IN THE EVENING SESSION AFTER THE STRONG RISE EXPERIENCED IN THE NORMAL SESSION. LOOKING AT WEEKLY PERFORMANCE, THE BIST 100 INDEX CLOSED THE WEEK DOWN 3.89%, WHILE THE INDUSTRIAL INDEX SAW A 3.69% LOSS. THE BANKING INDEX STOOD OUT NEGATIVELY WITH A 7.76% DECLINE. GLOBAL STOCK MARKETS ALSO SHOWED A POSITIVE TREND ON FRIDAY. IN EUROPE, THE GERMAN DAX INDEX ROSE 1.15%, AND THE EURO STOXX 50 INDEX GAINED 0.99%, WHILE IN THE U.S., THE DOW JONES INDEX GAINED 0.58%, THE S&P 500 INDEX 0.37%, AND THE NASDAQ INDEX 0.19%. AS THE NEW WEEK BEGINS, NEWS FLOW REGARDING DIPLOMATIC TALKS BETWEEN THE U.S. AND IRAN ON REOPENING THE STRAIT OF HORMUZ REMAINS THE MARKET FOCUS. U.S. OFFICIALS CLAIM THAT THE PARTIES ARE CLOSE TO AN AGREEMENT TO EXTEND THE CEASEFIRE AND NORMALIZE ENERGY SHIPMENTS THROUGH THE STRAIT OF HORMUZ, WITH NEGOTIATIONS ON THE FINAL TEXT ONGOING. THESE DEVELOPMENTS HAVE LED TO SHARP DECLINES IN OIL PRICES, WHILE RISK APPETITE REMAINS HIGH IN GLOBAL STOCK MARKETS. THIS MORNING, THE SPOT PRICE OF BRENT CRUDE OIL IS TRADING BELOW USD95, HAVING FALLEN BY MORE THAN 5%. POSITIVE PRICE MOVEMENTS ARE PROMINENT IN ASIAN STOCK MARKETS, WITH THE JAPANESE NIKKEI INDEX SHOWING GAINS OF NEARLY 3%. FUTURES CONTRACTS FOR THE U.S. AND EUROPEAN INDICES ARE ALSO TRADING POSITIVELY. ON THE MACROECONOMIC DATA AGENDA FOR THE DAY, THE DOMESTIC MAY ECONOMIC CONFIDENCE INDEX DATA WILL BE RELEASED. GLOBALLY, THERE IS NO MAJOR DATA FLOW SET TO AFFECT MARKET TRENDS. MARKETS IN THE U.S., UK, AND SOUTH KOREA ARE CLOSED TODAY FOR A PUBLIC HOLIDAY. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START THE WEEK POSITIVELY AND ATTEMPT TO MAINTAIN ITS UPTREND THROUGHOUT THE DAY, PROVIDED THAT PROFIT-TAKING IS ABSORBED. SUPPORT: 13,750 - 13,650 RESISTANCE: 13,950 - 14,050. MONEY MARKET: THE LIRA WAS NEGATIVE FRIDAY, WEAKENING 0.26% AGAINST THE USD TO CLOSE AT 45.7119. THE CURRENCY ALSO DEPRECIATED BY 0.26% 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 36.14%-36.41%, ENDING THE DAY AT A 36.14%, 27 BPS ABOVE ITS PREVIOUS CLOSING. COMPANY NEWS: AKSA ENERGY (AKSEN.TI OP) HAS ANNOUNCED THAT, WITHIN THE SCOPE OF THE CREDIT RATING PROCESS CONDUCTED BY JCR AVRASYA DERECELENDIRME A.S., THE COMPANY`S LONG-TERM NATIONAL RATING WAS AFFIRMED AT `AA- (TR) / (STABLE OUTLOOK)` AND ITS SHORT-TERM NATIONAL RATING WAS AFFIRMED AT `J1+ (TR) / (STABLE OUTLOOK),` MAINTAINING ITS PLACE IN THE HIGHEST INVESTMENT-GRADE RATING CATEGORY. IN ADDITION, THE COMPANY`S LONG-TERM INTERNATIONAL FOREIGN AND LOCAL CURRENCY RATINGS WERE AFFIRMED AT `BB / (STABLE OUTLOOK),` IN LINE WITH THE SOVEREIGN CEILING RATING OF THE REPUBLIC OF TURKIYE. ASELSAN (ASELS.TI OP) HAS ANNOUNCED THAT JCR AVRASYA DERECELENDIRME A.S. HAS AFFIRMED ASELSAN`S LONG-TERM NATIONAL CORPORATE CREDIT RATING AT `AAA (TR) / (STABLE OUTLOOK),` REPRESENTING THE HIGHEST INVESTMENT-GRADE LEVEL, AND ITS SHORT-TERM NATIONAL CORPORATE CREDIT RATING AT `J1+ (TR) / (STABLE OUTLOOK).` IN ADDITION, THE COMPANY`S LONG-TERM INTERNATIONAL FOREIGN AND LOCAL CURRENCY CREDIT RATINGS AND OUTLOOKS WERE ASSIGNED AS `BB / STABLE,` IN LINE WITH THE INTERNATIONAL SOVEREIGN RATINGS AND OUTLOOKS OF THE REPUBLIC OF TURKIYE. CIMSA (CIMSA.TI OP) HAS ANNOUNCED THAT THE 5.3% MINORITY STAKE IN MANNOK HOLDINGS DAC (MANNOK) HAS BEEN ACQUIRED BY CIMSA IRELAND LTD, A WHOLLY-OWNED SUBSIDIARY OF CIMSA BUILDING SOLUTIONS B.V., FOR A TOTAL CONSIDERATION OF EUR 20.5 MILLION. ACCORDINGLY, 100% OF MANNOK`S SHARE CAPITAL HAS BEEN TRANSFERRED TO CIMSA IRELAND LTD, AND CIMSA BUILDING SOLUTIONS B.V. HAS OBTAINED INDIRECT CONTROL OVER THE ENTIRETY OF MANNOK`S SHARES. KARDEMIR (KRDMD.TI MP): JCR EURASIA RATING HAS AFFIRMED KARDEMIR`S LONG-TERM NATIONAL CORPORATE CREDIT RATING AT AA+ (TR) AND SHORT-TERM NATIONAL CORPORATE CREDIT RATING AT J1+ (TR). THE OUTLOOK ON THE LONG-TERM NATIONAL RATING WAS MAINTAINED AS STABLE, WHILE THE COMPANY`S INTERNATIONAL FOREIGN AND LOCAL CURRENCY CORPORATE CREDIT RATINGS WERE ASSIGNED AT BB / STABLE. SABANCI HOLDING (SAHOL.TI OP) HAS ANNOUNCED COMPETITION AUTHORITY APPROVAL OF THE SHARE TRANSFER TRANSACTION REGARDING THE ACQUISITION OF ITS 39.72% STAKE IN AKCANSA CIMENTO SANAYI VE TICARET A.S. (AKCNS.TI OP) BY HEIDELBERG MATERIALS AG, PURSUANT TO ITS DECISION DATED MAY 21, 2026. SISECAM (SISE.TI OP) HAS ANNOUNCED THAT, FOLLOWING THE FEASIBILITY STUDIES CONDUCTED REGARDING THE OUTLOOK FOR THE SODA ASH INDUSTRY AND THE OPTIMAL FULFILLMENT OF SISECAM`S POTENTIAL PORT REQUIREMENTS, THE BOARD OF DIRECTORS RESOLVED, WITH ITS DECISION DATED FEBRUARY 20, 2026 AND NUMBERED 21, TO TERMINATE THE STOCKTON PORT PROJECT AND LIQUIDATE STOCKTON SODA ASH PORT LLC, IN WHICH THE COMPANY HOLDS A 50% STAKE. ZORLU ENERGY (ZOREN.TI MP) HAS REMINDED THAT, WITHIN THE SCOPE OF A PREVIOUSLY-APPROVED GENERAL ASSEMBLY RESOLUTION, THE DECISION HAD BEEN MADE TO PARTICIPATE IN THE CAPITAL INCREASES PLANNED TO BE CARRIED OUT IN MULTIPLE TRANCHES THROUGHOUT 2026 FOR THE WORKING CAPITAL NEEDS OF JERSEY-BASED ELECTRIP GLOBAL LIMITED, IN WHICH THE COMPANY HOLDS A 49.99% STAKE, UP TO A MAXIMUM AMOUNT CORRESPONDING TO ITS SHARE OF EUR 18.75MN/USD 20.4MN. HOWEVER, THE COMPANY ANNOUNCED THAT, PURSUANT TO THE RESOLUTION ADOPTED AT THE BOARD OF DIRECTORS MEETING DATED 22 MAY 2026, AND IN LINE WITH ITS STRATEGIC FINANCIAL PLANNING AND RESOURCE ALLOCATION PRIORITIES, IT HAS DECIDED NOT TO MAKE THE EUR 7.4MN PAYMENT CORRESPONDING TO ITS SHARE IN THE FIRST TRANCHE REQUEST, AND NOT TO PARTICIPATE IN THE RELATED CAPITAL INCREASE. THE COMPANY ALSO STATED THAT ANY FUTURE INSTALLMENT PAYMENT REQUESTS WILL BE EVALUATED SEPARATELY. 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. 25.05.2026 09:33:15