Foreign Investors Build Positions in BIST 30: Türk Telekom, Türk Altın, and Ereğli Demir Çelik Lead the Charge

BIST 30 closed the week with a 2.28% gain, while foreign investors intensified buying pressure across 18 stocks.

The Volatile Path of Foreign Stakes

The overall foreign share in the market slipped to 32.20%, yet this decline was offset by increased holdings in 18 BIST 30 constituents.

Targeted Buying Strategy

■Türk Telekom: Foreign ownership rose 3.16 points to 40.18% following a bounce from the 50 TL support zone.

■Türk Altın: Holdings increased 2.09 points to 29.72%. The first quarter saw a 61% sales surge, boosting revenue to 8.8 bn TL.

■Ereğli Demir Çelik: Became an attractive target for foreigners, though details remain sparse.

Shift in Aviation

Foreign investors executed a 1.40‑point sell‑off in THY, reducing their stake to 24.61%. Meanwhile, Pegasus and TAV saw net buying.

Fund Dynamics Shaping the Market

■Automotive Sector Variable Fund (OTM): Composed of 52.34% foreign and 23.33% domestic shares; delivered 4.59% return last year, lagging the 25.77% index.

■Otokar funds: Declined 6.24% to 3.02 million lots.

The market this week reflects foreign investors’ strategic choices. The buying in Türk Telekom and Türk Altın signals a long‑term accumulation strategy. The sell‑off in the aviation sector may indicate a reassessment of sector risks.