Turkish corporate earnings & market moves impact stocks

Late‑July 2026 Arçelik’s Q2 results triggered mixed analyst reactions, with some brokers cutting target prices while others maintained a buy rating, leading to a modest share‑price dip. The following week, strong earnings from Tüpraş and Aygaz lifted their stocks and prompted upward revisions of price targets, whereas Turkish Airlines and Ford Otosan fell.

On 4 August, the market saw further corporate actions. Borsa Istanbul expanded the BIST Buyback Index to include 13 additional companies, a move interpreted as a confidence signal from issuers. SASA Polyester completed a conditional capital increase of 5.46 billion TL, raising its authorized capital, while Tekfen Holding announced a dividend pause for 2025 pending shareholder approval. TR Anadolu Metal Madencilik’s shares continued to trade within a narrow band (125‑128.5 TL) with modest volume, echoing earlier technical notes.

Together, earnings releases, buy‑back expansions, capital raises and dividend decisions illustrate the varied forces shaping Turkish equity performance in August 2026.