Massive Buyback Wave Enhances Shareholder Value on Borsa İstanbul

As of July 22, 2026, share repurchase programs initiated by companies on Borsa İstanbul to preserve market value and enhance shareholder returns clearly indicate the direction of capital flows. Data disclosed to the Public Disclosure Platform (KAP) highlights an intensive asset repurchase strategy, particularly in the industrial and energy sectors, serving as fresh evidence of management confidence in their own shares.

High-Volume Transactions Supporting Market Value

Share buybacks by companies are critical for increasing earnings per share and optimizing the cost of capital. Recent data demonstrate that this strategy is being applied aggressively, particularly in specific stocks:

■TRALT executed the highest volume transaction to boost market value, repurchasing 3,687,183 shares within the 49.84 – 50.30 TL band.

■BORSK reinforced its sector position through buybacks by adding 857,542 shares to its portfolio at a price range of 6.05 – 6.13 TL.

■NTHOL strengthened its capital structure by repurchasing 600,000 shares between 42.36 – 42.50 TL, while ENERY repurchased 300,000 shares in the 9.36 – 9.38 TL range.

■BOSSA and EKIM also decided to sustain their assets in the stationery and industrial products sectors with 300,000 and 75,000 share repurchases respectively.

Strategic Shifts in Ownership Structures

In addition to buyback programs, significant purchases altering control and partnership structures within the companies also took place. These transactions contain strategic signals reflecting the perspective of management and external investors on the company's future:

■In KUYAS, Cahit Belyen increased his stake in the capital to 8.10% by purchasing 32,414,267 shares to enhance his influence in the company.

■In ONSCM, Bulls Portföy increased its share to 5.14% with a purchase of 75,000 shares, standing out as an indicator of institutional confidence.

Buybacks serve as the strongest financial signal that management believes the market price is trading below intrinsic value. Particularly, the high-volume buybacks in TRALT and BORSK reflect confidence in cash flow robustness and capital efficiency. For investors, these moves act as a robust indicator regarding potential dividend yield and the growth of earnings per share.