Most Bought Back Stocks of Last Week

Last Week's Most Repurchased Stocks

In Borsa Istanbul, last week (November 17-21), some companies executed share repurchase transactions to support healthy price formations in the markets.

Featured Companies

Among the main companies that engaged in repurchases during this process are: Vakıflar Bankası (VAKBN), Escar Filo (ESCAR), Blume Metal Kimya (BLUME), Net Holding (NTHOL), Göknur Gıda (GOKNR), Mega Metal (MEGMT), Ahlatcı Doğalgaz (AHGAZ), Mavi Giyim (MAVI), Hareket Proje Taşımacılığı (HRKET), and Sarkuysan (SARKY).

Why Are Shares Repurchased?

Share repurchases are when companies buy back their own shares from the market to increase their share value. Companies may conduct repurchases to prevent a decline in share value resulting from market fluctuations, negative investor sentiments, and other factors. Some important reasons for these transactions include:

• Providing cash support to shareholders
• Reducing excessive price fluctuations
• Protecting share control from competitors
• Utilizing excess cash
• Reinforcing confidence in the company's shares

The effect of share repurchase plays an important role in the company's EPS (earnings per share). Earnings per share reflects the financial strength and performance of the company; thus it is a critical factor in investors' decision-making processes.

Share Repurchase Process

According to regulations set by the Capital Markets Board, repurchase transactions are carried out by the board of directors authorized for a certain period. The shares subject to repurchase must be eligible for trading on the stock exchange. Moreover, the details of the process are also stipulated in the legislation.

This information is not investment advice. Investors are always advised to conduct their own research.