Turkish companies increase share buybacks following regulatory changes

Following the Capital Markets Board of Turkey’s decision to remove the upper limit on the total amount for share buybacks, corporate buyback activity has increased significantly.

Between September 22 and September 28, 58 companies conducted share buybacks totaling approximately 1.96 billion TL. The highest daily volume occurred on September 24, when 29 companies executed buybacks amounting to 748.2 million TL.

Çitlekçi (CITAS) led the period with the highest buyback amount of 536.9 million TL. Other notable participants included Aygaz (AHGAZ) with 172.5 million TL, Enerya Enerji (ENERY) with 159.1 million TL, Tukaş (TUKAS) with 154 million TL, and Armada Gıda (ARMGD) with 146.5 million TL.