Since March 19, the sharp decline in the stock exchange has been replaced by an upward trend. The measures facilitating companies’ share buybacks now include banks as well. The index rose, led by the banks.

The Borsa Istanbul is trying to recover with consecutive measures announced. On March 21, the stock exchange saw its lowest level since November 2024 at 8,984 points. Last week, the loss reached 16 percent. The BIST 100 index closed Monday with nearly a 3 percent increase. The index gained 4.48 percent yesterday, closing at 9,716 points. Thus, the recovery since March 21 has exceeded 8 percent. The measures taken have supported the upward movement in the stock exchange. The ban on short selling, prevention of algorithmic trading, and facilitation of share buybacks had a positive impact on the index. Analysts noted that steps had been taken to open the way for purchases in the market and to suppress the initial reaction. The regulations facilitating companies’ share buybacks now include banks. With the new application, the conditions for banks to buy back shares in the stock exchange were relaxed. According to the statement made by the Banking Regulation and Supervision Agency, the purchases will not be deducted from the core capital and the shares they buy back will not be included in the credit risk calculation. Following the decision, there was a rapid increase in the banking index. The movement in the banks also affected the overall index. Analysts noted that the steps taken would ease the situation for banks and prevent distortions in their balance sheets.