Daily Comment

World equity indices advanced in general on Thursday, with US markets rebounding following comments from US Federal Reserve FOMC member Bullard and easing concerns over the interpretation of the Fed’s latest meeting minutes. And after paring down some of the earlier declines, the European markets closed slightly lower. The BIST100 continued to rise slightly by 0.5% to close at 116,841; total trading volume was at TRY 7.4bn. Market participants today will continue to focus on news flow regarding Turkey’s operation Olive Branch in Afrin, Syria, while S&P is to release Turkey’s sovereign credit rating review after the market close, where no change in either sovereign rating or outlook is expected. From abroad, Euro zone HICP statistics will also be followed. Asian markets have been advancing, and European markets are also expected to open slightly positively today. In parallel with the course of major international markets, we expect the BIST to also open somewhat positively. RESISTANCE: 117,500-118,600 SUPPORT: 115,400-114,300.