Since March 19th, the sharp declines in the stock market have been replaced by increases. Regulations facilitating companies’ share buybacks now also include banks. The index rose, led by banks.

The Borsa Istanbul is trying to recover with consecutive measures announced. On March 21st, the stock market hit its lowest level since November 2024 at 8,984 points. Last week, the loss reached 16%. The BIST 100 index closed Monday with an almost 3% gain. The index finished yesterday at 9,716 points, increasing by 4.48%. Thus, the recovery since March 21st has exceeded 8%. The measures taken have supported the upward movement in the stock market. The ban on short selling, prevention of algorithmic trading, and easing of share buybacks had a positive effect on the index. Analysts noted that the measures taken will open the way for investments in the markets and suppress the initial reaction. Banks were included in the regulations facilitating companies’ share buybacks. With the new implementation, conditions were relaxed for banks to buy back shares on the stock exchange. According to the Banking Regulation and Supervision Agency, purchases will not be subtracted from the core capital and shares bought back will not be included in the credit risk calculation. Following the decision, there was a rapid increase in the banking index. The movement in banks had a ripple effect on the overall index. Analysts noted that with the steps taken, banks will have more flexibility and disruptions in their balance sheets will be prevented.