Profit-Taking Follows Record Highs at Borsa Istanbul: Galatasaray and Fenerbahçe Shares Diverge

Technical Outlook for the BIST 100 Index Borsa Istanbul's BIST 100 index concluded a volatile week marked by record-breaking levels.
After reaching an all-time high of 14,532 points during the week, the index faced intensified selling pressure on Thursday, retreating to as low as 13,718 points.
The index lost 1.74% on a weekly basis, finishing at 13,934 points following a wave of reaction buying toward the close.
Analysts view the profit-taking after record highs as a normal technical development.
For the coming week, the 14,000-point level remains a key resistance point, while 13,300 points is expected to serve as critical support in the event of further downward movement.
Geopolitical Risks and Foreign Investor Interest Increasing geopolitical risks stemming from the Middle East were a primary factor behind the selling pressure.
Specifically, escalating tensions between the U.S.
and Iran weighed on global risk appetite, negatively impacting emerging markets.
Despite these macroeconomic pressures, the fact that foreign investors have continued their net purchases in Borsa Istanbul for 11 consecutive weeks stands out as a significant element of market confidence.
Score-Driven Divergence in Sports Stocks Shares of sports clubs traded on the exchange displayed contrasting performances in line with their results in European competitions.
Galatasaray (GSRAY) shares gained 8.94% weekly, ranking third among the top gainers, after securing a significant advantage with a 5-2 victory over Juventus in the UEFA Champions League Play-Off round.
In contrast, Fenerbahçe (FENER) shares closed the week with a 1.87% loss following a 3-0 defeat away against Nottingham Forest.
This reflection of on-field results in the financial markets highlighted the divergence within the sports index.