Why BIST 100 might be one of the most overlooked markets right now

Not a financial advisor, just sharing what I’m seeing from inside Turkey.

Over the last few years inflation here has been insane, everyone already knows that. But what people outside don’t really see is how that changed investor behavior.

People don’t trust cash. They don’t even fully trust gold anymore like before. So a lot of money flowed into stocks.

That’s why BIST 100 looks like it went crazy if you check the chart. But honestly, a big part of that move is just inflation + currency losing value.

Here’s the interesting part though:

A lot of companies are still not “expensive” if you look at earnings. Some of them are actually growing like crazy, especially exporters. They earn in EUR/USD but their costs are in TRY.

So you get this weird situation where: the country looks risky from outside but companies are printing money in real terms Also foreign investors are still mostly gone. Locals are carrying the market right now.

If foreign money ever comes back even a little, I feel like things could move fast.

Of course there are risks:

currency is unstable

policy can change quickly

market is very retail-driven (can get irrational)

Still, compared to a lot of “overpriced” markets, this one at least feels like there’s a story + some real value behind it.

I don’t see people here talking about Turkey at all, which is kinda surprising.