Following the decision of the Capital Markets Board (CMB) on share purchases, companies have taken action. Turkish Airlines (THY) initiated a buyback five months later. Meanwhile, Halkbank bought back shares for the first time in two years.

The Capital Markets Board (CMB) made a new decision after the market volatility. According to the decision, companies can start a share buyback program with a board of directors’ decision and certain flexibilities will be provided to existing buyback programs. Subsequently, companies have started to take action for share buybacks.

Turkish Airlines conducted a share buyback approximately 5 months later. In a statement to the Public Disclosure Platform (KAP), it was mentioned that transactions totaling 166 thousand TL in nominal value were realized in the range of 298.25-299 Turkish Lira. Halkbank also announced that it had conducted a buyback after 2 years. The company revealed that transactions amounting to 2 million TL in nominal value were carried out in the range of 21.16-21.24 Turkish Lira. Analysts expressed their expectation for companies to continue share buybacks. The CMB stated that the decision would be valid until a second announcement. The BIST 100 index on the Borsa Istanbul closed at 9,860 points yesterday, marking an 8.72% decrease.