Despite a decline of 1.99% on October 14th, Monday, the share buyback programs of 18 companies drew attention on Borsa İstanbul.
# Buybacks Gain Momentum
While the BIST 100 index closed at 8,699.19 points, the purchases made by companies under their share buyback programs continued without slowing down.
# Share Buybacks from 18 Companies
On October 14th, Monday, 18 companies, including industry leaders like Turkish Airlines, Şişecam, and Alarko Holding, actively participated in share buybacks on the stock exchange. The list of these companies includes Tekfen Holding, Cem Zeytin, TAB Gıda, Agesa Hayat ve Emeklilik, Atakey Patates, DMR Unlu Mamuller, Lokman Hekim, Investco Holding, Adra Gayrimenkul Yatırım Ortaklığı, Kervan Gıda, Orge Enerji, Frigo-Pak Gıda, İzdemir Enerji, and Verusa Holding.
Despite the downward trend on Borsa İstanbul, the decision of these 18 companies to buy back shares is interpreted as a positive message for the markets.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.