Share buybacks accelerated after CMB lifted the upper limit

After the Capital Markets Board (CMB) lifted the upper limit on the total price of share repurchases, companies' repurchase transactions accelerated. According to the data compiled by IS Investment, 58 companies bought back shares worth 1 billion 961 million 626 thousand 849 TL in the period of 22-28 September.

The highest daily transaction occurred on September 24.

ÇİTLEKÇİ IS IN THE FIRST PLACE

The company that made the highest amount of buybacks in the period of 22-28 September was Çitlekçi (CİTAS). The company's buyback amount was recorded as 536.9 million TL.

Citas was followed by Aygaz (Ahgaz) with 172.5 million TL, Enerya Enerji (Enery) with 159.1 million TL, Tukaş with 154 million TL and Armada Gıda (Armgd) with 146.5 million TL.

It was noteworthy that 39 companies carried out share buybacks on September 28, the last trading day of the buyback transactions. On this date, the total repurchase amount was 495.4 million TL.

CMB REMOVED THE CEILING

With its decision dated 22 September 2026 and numbered 60/1711, CMB removed the total price upper limit applied to share repurchases within the scope of the Principle Decision dated 19 March 2025 until further notice.

With the decision, the total price upper limit in the third paragraph of Article 9 of the Repurchased Shares Communiqué will not be applied.

The regulation paved the way for companies to make higher purchase amounts within the scope of share buyback programs.