Post-Earthquake Buyback Storm in Borsa Istanbul




Learn about the post-earthquake buyback storm in Borsa Istanbul, with over 80 companies announcing share buyback programs totaling over 25 billion Turkish liras.

After the earthquakes centered in Kahramanmaras in Turkey, many companies operating in Borsa Istanbul (Istanbul Stock Exchange) announced share buyback programs. The aim of these programs is to help stabilize the market during periods of volatility by reducing the total number of shares. According to reports, more than 80 companies have announced share buyback programs totaling over 25 billion Turkish liras (equivalent to approximately 2.7 billion US dollars). These programs have become possible thanks to the reduction of bureaucratic processes, which allows companies to buy back their shares quickly and easily, as was not possible in the past. Some of these companies include Turkish Airlines, which announced a buyback program worth 9 billion TL, followed by Is Bankasi with 3 billion TL and Ereğli with a buyback program worth 2 billion TL.

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