Morning Note /
Turkey

Turkey: Earnings season starts this week

  • Following the rally on Friday and closure above 3,600 resistance level today a cautious opening is likely

  • EREGL and ARCLK may post weaker than expected results

  • Daily support and resistance levels for BIST 100 are 3,930- 3,900 and 3,975-4,000 respectively

ATA Invest
17 October 2022
Published byATA Invest

Following the rally on Friday and closure above 3,600 resistance level today a cautious opening is likely. Earnings season starts this week. Please recall EREGL and ARCLK may post weaker than expected results yet food retailers ad aviation companies are expected to post strong results. Daily support and resistance levels for BIST 100 are 3,930- 3,900 and 3,975-4,000 respectively.

Company news:

*MPARK TI> bought back 125K shares at an average price of TL58.53 on 14 October 2022. Since 25 May 2022, the total number of shares bought back reached 4.5mn at an average price of TL41.02.

Weekly Agenda:

Oct, 19 ASELS 3Q22

Oct, 20: CBT rate decision

Oct, 20: BRSA weekly Banking sector data

Oct, 21: Oct Consumer confidence Index

Oct, 21: ARCLL 3Q22