Turkey: Revised buyback price for Garanti

  • After a very sharp sell-off, we would expect the negative global sentiment to drag the index further down

  • However, the revised new buy-back price of Garanti will help the selling pressure in the index to stay more muted

  • Eregli, Kardemir, Tupras could still be under pressure because of the sharp decline in iron ore, oil prices

April 25th, 2022
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