October 28 Highlights: From TOASO to ALTNY

October 28, 2025: Highlights from Borsa Istanbul

As of today, marking October 28, 2025, we have compiled the significant developments at Borsa Istanbul. Here are the noteworthy company news:

Tofaş (TOASO) - Merger Approval

Tofaş announced that the merger transaction with Stellantis Automotive Marketing has been approved by the Capital Markets Board (CMB). This step will be an important building block in line with Tofaş's strategic growth objectives.

Altınay Savunma (ALNTY) - New Contracts

Altınay Savunma signed contracts worth a total of 994,950 TL + VAT and 5.95 million dollars + VAT with domestic customers. This development will contribute to the company's growth targets in the local market.

Şişecam (SISE) - CMB Review

Şişecam has applied to the Capital Markets Board regarding the intense sales transactions in its shares. The company stated that its inspections revealed no illegal or criminal elements.

Margün Enerji (MAGEN) - New Investment Areas

Margün Enerji, along with its 100% subsidiary Bosphorus Renewable Energy, decided to acquire 9 geothermal resource licenses in Denizli and Manisa. Following this transaction, the newly established company's name will be "Margün Geothermal."

Gelecek Varlık (GLCVY) - Auction Success

Gelecek Varlık won the auction for a personal portfolio with a principal size of 59.1 million TL in the sale of non-performing receivables conducted by Fibabank by offering the highest bid.

Other Market Developments

Zorlu Enerji's sole ownership of Gökçedağ Wind Energy Production was registered, and Garanti BBVA decided to increase the capital of Garanti Bank International by 250 million euros.

Global Market Situation

Global markets are showing a mixed trend ahead of negotiations between the U.S. and China and the U.S. Federal Reserve's (Fed) interest rate decision. Additionally, tech giant Amazon's commencement of its largest layoff process is also drawing attention.

A Brief Look at the Turkish Economy

The BIST 100 index at Borsa Istanbul started the day with a 0.05% increase at 10,858.67 points. The dollar is trading at 41.95 liras, and the euro is trading at 48.93 liras. The gram gold is priced at 5,334 TL, and the ounce gold is finding buyers at 3,962 dollars.