With record crude oil prices and surprisingly high jobless rate in U.S. has effected markets across the board. Index contracts in the Turkish derivatives at lowest level in this year; under the pressure of both global market conditions and inside, increasing political risks. We expect, under this circumstances, the pessimistic market sentiment will continue.

     Record oil prices also deteriorate Turkey's current accunt deficit situation due to import oil dependency of the country.

    We think investors political sentiment has included prices already.