MORNING REPORT-(Trive Yatırım Menkul Değerler )

LOSS OF INTEREST LEADS TO FLAT OPENING

The BIST100 faced a sluggish trading session, as there was a lack of any real catalyst, with only the hopes of a
cease-fire and hostage exchange bringing some brief buying appetite to the market, but that was quickly doused
by Israeli's refusal. As such, the BIST100 fell by a slight loss of 0.07% to 7666, and on a low turnover of TRY
75.9bn, nearly half the volume we saw over the summer.
The inclusion of 19 Turkish equities into the MSCI small-cap index contributed to the outperformance of these
stocks yesterday, and please note that our research attention is also predominantly tiered towards this segment.
The Mining stocks continued yesterday's gains, and KOZAL's inclusion in the MSCI did not hurt its case, as street
rumour had it favoured to be removed, and the Banks also closed positively, while the Transportation stocks and
Service stocks pulled the benchmark lower.
SAHOL-SASA and the KOZAA/KOZAL shares were the most bought blue-chips, whereas TCELL-ODAS and TOASO
were the most sold.
As of yesterday's session closing numbers, the TRY is trading a tad weaker against the USD at 29.69, but stronger
against the Euro at 31.09, while the DXY is higher at 104.49. The 2yr and 10yr Bond rates both retreated by
57bps and 34bps to 41.11% and 28.49%, respectively.
Brent is continuing its downward spiral, currently at $80.41, please recall that as Türkiye is a net energy
importer, the fall in Energy prices would further contribute to the improvement in the Current Account Balances
and may also reflect positively onto Aviation stocks. The 5yr CDS rates have also fallen to their lowest level in
2.5yrs to 357.11. Meanwhile, ounce and gram GOLD are relatively flat at $1963 and TRY 1811, respectively.
Sweden's bid into NATO will be discussed at the Foreign Ministry Commission.
The October Budget posted a deficit of TRY 95.5bn, accruing over the 9mpnths to TRY 608.1bn, and non-interest
deficit was TRY 70.4bn.
Following in the steps of the US, the UK Inflation figures also fell to their lowest level in 2 years.

AGENDA:
On the local front today, the Home Sales Figures and Non-Resident Stock/Bond Holdings will be released, as well
as the Financial Stability Report, while the US will disclose the Weekly Jobless Claims Figures, Philadelphia Fed
Production Index, as well as the Industrial Production Index and Capacity Utilization Rate. ECB President,
Christine Lagarde will also be speaking today.

CORPORATE:
KLKIM - Announced that its subsidiary Kalekim Lyksor Kimya started mass production with an installed capacity
of 90,000 tons at its Mersin Branch.
HTTBT-Disclosed that it has signed an agreement with THYAO.
MGROS - Announced that the transfer of 50% of CRC Consulting for 2.9 million dollars was decided, and the
share transfer will be completed by December 31 (25% by MGROS and 25% by Digital Platform).
MIATK - Its subsidiary Tripy Mobility signed a 5-year contract for the installation and operation of Tripy Electric
Charging Stations in the Gökova Marina parking lot with Gökova Ören Marina.
SAHOL - Announced the completion of financing transactions for Sabanci Renewables Inc.'s Cutlass Solar II
Project.
SELGD - Announced that its subsidiary Sel Energy sold a property in Izmir for 15 million TL and the amount was
deposited into the company accounts.

 
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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.