Borsa İstanbul companies continue share buyback programs

Companies listed on Borsa İstanbul continue to execute share buyback programs to support stock values, according to recent disclosures on the Public Disclosure Platform (KAP).

Blume Metal Kimya A. Ş. has repurchased 180,000 shares between September 22 and 24, bringing its total held shares to 1,680,000, or 0.96% of capital. The company has allocated 30,000,000 TL for this one-year program.

Gen İlaç ve Sağlık Ürünleri Sanayi ve Ticaret A. Ş. (GENIL) repurchased 650,000 shares on September 24 at an average price of 6.40 TL. This brings the total shares repurchased under its three-year, 1.5 billion TL program to 3,425,000.

Suwen Tekstil Sanayi Pazarlama A. Ş. (SUWEN) also continued its program, repurchasing 860,500 shares at an average price of 4.93 TL on September 24.

Other companies reporting buyback activities include AHGAZ, which increased its repurchased shares to 3.12% of capital, and AKFGY, which repurchased 2,650,000 shares, bringing its total to 0.16% of capital.