November 4, 2025: Important Developments from ALFAS, ULKER, and EKGYO

Highlights of the Day

As of November 4, 2025, we have compiled noteworthy news from Borsa Istanbul for you.

Company News

• Alfa Solar Energy (ALFAS): The property “Factory Building and Land” in Kırıkkale was transferred for 422.50 million TL under the agreement made with Vakıf Katılım Bankası.
• Ülker (ULKER): Signed a new loan agreement worth 75 million euros with EBRD. This loan will be used to refinance the existing loan obtained in 2023.
• Emlak Konut (EKGYO): Signed a contract with Untd Construction for the Damla Kent Project Phase A, and construction work has begun.
• Kızılbük GYO (KZGYO): Signed 148 timeshare sales contracts in October, generating a total income of 149.91 million TL.
• Büyük Şefler Gıda (BIGCH): Reported no changes in the number of branches in October; currently has a total of 138 branches.

Global Market Overview

In global markets, a mixed trend is observed amid ongoing concerns about the U.S. economy and uncertainties in U.S.-China trade relations. Chicago Fed President Austan Goolsbee is maintaining a cautious stance in light of inflation remaining above targets and ongoing uncertainties.

Local Market Situation

• The BIST 100 index in Borsa Istanbul started trading at 11,049.93 points, down 0.09%.
• The dollar opened at 42.07 TL in the free market, while the euro reached 48.52 TL.
• Gram gold is trading at 5,381 TL, and ounce gold is valued at 3,993 dollars.

Considerations to Keep in Mind

Yesterday, several companies made buyback decisions, but there are no companies making dividend payments today. There are no prominent developments in the economic calendar either.

All these developments contain important information for those assessing investment opportunities. We recommend that investors exercise caution.