Murat Barışık: Pullback in Borsa Istanbul is a Technical Correction

Geopolitical Risks and Profit-Taking Murat Barışık, Deputy Chairman and General Manager of Bulls Investment, evaluated the recent losses observed in Borsa Istanbul.
Following a year-to-date return of over 26% in TL terms and 24% in USD terms, profit-taking has accelerated after the index reached historical peaks.
Barışık stated that the primary factor behind this selling pressure is the tension in the Middle East and the news flow regarding the US-Iran axis.
He noted that geopolitical risks have suppressed risk appetite, but he anticipates the index will seek new peaks following this correction phase.
2026 Vision and Foreign Investor Interest Arguing that 2026 will be more productive in terms of economic indicators compared to previous years, Barışık suggested that Borsa Istanbul could break new records in both TL and USD terms.
He specifically mentioned that the previously tested 500-dollar level could come back onto the agenda.
Barışık highlighted that interest from large-scale foreign funds toward the Turkish market is increasing, with more frequent contacts with brokerage firms.
He emphasized that the current foreign share, which has exceeded 38%, is only the beginning of this interest.
Predicting that an interest rate cut path could be entered in April or May alongside falling inflation, Barışık stated that this process would create positive momentum in industrial stocks starting from the second quarter.
He added that interest rate cuts will serve as a significant catalyst for the stock market, maintaining an optimistic outlook for long-term investors.