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

The CMB made a new decision following the recent market volatility. The decision stated that companies can initiate share buyback programs with the approval of the board of directors, and certain flexibilities will be provided to existing buyback programs. Subsequently, companies started to take action for share buybacks.

Turkish Airlines conducted a share buyback approximately five months later. A statement to the Public Disclosure Platform (KAP) announced that transactions totaling 166 thousand TL nominal value were executed in the range of 298.25-299 TL. Halkbank also disclosed that it conducted a buyback after two years. The company stated that transactions worth 2 million TL nominal value were executed in the range of 21.16-21.24 TL. Analysts have expressed their expectation for companies to continue with share buybacks. The CMB mentioned that the decision will be valid until a second announcement. The BIST 100 index at Borsa Istanbul closed at 9,860 points yesterday with a decrease of 8.72 percent.