The Stocks with the Most Buybacks of the Last Week

Top Shares with Buybacks in the Last Week

In Borsa Istanbul, during the last week (November 17-21), some companies carried out share buyback transactions to support healthy price formation in the markets.

Prominent Companies

Among the main companies that engaged in buybacks 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 Buybacks Done?

Share buybacks are when companies purchase their own shares from the markets to increase the value of their shares. Companies conduct buybacks to prevent the value loss in shares caused by market fluctuations, negative investor sentiments, and other factors. Some important reasons for these transactions are as follows:

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

The effect of a share buyback plays a significant role in the company's EPS (earnings per share). Earnings per share indicates the financial strength and performance of the company; therefore, it is a critical factor in investors' decision-making processes.

Share Buyback Process

According to the regulations set by the Capital Markets Board, buyback transactions are carried out by the board of directors authorized for a specific period. The shares subject to buyback must have the characteristic of being traded on the exchange. Additionally, the details of the process are outlined in the regulations.

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