British News Agency

BIST - 30 Near-Term

The October futures contract, which started the week with an uptrend, maintained its strong performance throughout the session. As of 12:40, the contract is trading at 8.845, up by 1.98%, and 8.910 can be followed as a strong resistance level. If it stays above 8.910, resistance levels at 8.950 to 9.000 can be monitored. Possible profit-taking may come into play below 8.910, with 8.775 and 8.720 as support levels. A drop below 8.720 could intensify selling pressure.

USD/TRY Near-Term

Domestically, the real sector confidence index decreased from 105 in September to 104.4. The capacity utilization rate increased from 76.1% to 77.3%. The Central Bank of Turkey removed the minimum interest obligation for TRY-denominated reserve requirements. Central Bank Governor Hafize Gaye Erkan stated, "We are determined to increase demand for TRY assets domestically and internationally." These statements had no impact on pricing. On the spot exchange rate, we observe slight upward trends. There are no significant economic data releases domestically for the rest of the day. In the United States, secondary-level data will be monitored, and their impact on pricing may be limited. The USD/TRY spot exchange rate is trading around 27.20 as of 13:15. The September futures contract for USD/TRY is also trading around 27.30.

The most traded stock futures contracts in the first half of the day: FEREGL, FGUBRF, FKRDMD

Source: Gedik Investment