Since March 19th, the sharp sales on the stock market have been replaced by an increase. Banks were also included in the regulations facilitating companies’ share buybacks. The index rose, led by banks.

The Borsa Istanbul is trying to recover with consecutive measures announced. On March 21st, the stock market saw its lowest level since November 2024 with 8,984 points. The depreciation last week reached 16%. The BIST 100 index closed Monday with an increase of nearly 3%. The index completed yesterday with a gain of 4.48% at 9,716 points. Thus, the recovery since March 21st has exceeded 8%. The measures implemented supported the upward movement in the market. The ban on short selling, prevention of algorithmic transactions, and facilitation of share buybacks had a positive impact on the index. Analysts noted that the steps taken would open the way for purchases in the markets and suppress the initial reaction. Banks were added to the regulations facilitating companies’ share buybacks. With the new practice, the conditions for banks to repurchase shares on the stock market were relaxed. According to the statement made by the Banking Regulation and Supervision Agency, the repurchases will not be deducted from the core capital and the repurchased shares will not be included in credit risk calculations. Following the decision, there was a rapid rise in the banking index. The movements in banks were also reflected in the general index. Analysts noted that with the steps taken, banks’ hands would be freed and disruptions in their balance sheets would be prevented.