Kartonsan Strengthens Liquidity with TRY 1 Billion Land Sale

The BIST 100 (XU100) index is trading above its 20- and 50-day moving averages, with the RSI at 61, maintaining an upward trend. Although the MACD line remains below the signal line, it is still in positive territory, indicating that momentum, while weakening, remains favorable. Kartonsan's major land sale could create expectations of a general increase in liquidity in the market, potentially providing short-term support to the index. However, since the direct impact of the news on the index is expected to be limited, the bullish outlook is assessed with moderate confidence.

Kartonsan's sale of land worth TRY 1 billion is a positive development that will significantly strengthen the company's liquidity. Technically, the stock closed at TRY 115.7, with the RSI at 39 approaching oversold territory, indicating short-term recovery potential. However, as the MACD remains below the signal line, the upside may be limited. A positive opening move is expected tomorrow due to the news, but the 20-day moving average at TRY 120.85 should be monitored as a resistance level.