Turkish Capital Markets Board Removes Upper Limit on Share Buybacks

The Capital Markets Board of Turkey (SPK) has issued a new decision regarding share buybacks. Under the decision, the upper limit applied to companies repurchasing their own shares has been removed. Previously, share buyback programs had a certain upper limit. With the SPK's latest regulation, this limit has been eliminated, granting companies greater flexibility. Share buybacks are transactions in which companies purchase their own shares on the stock exchange. This method is generally used to support the share price and increase market confidence. The new decision is expected to affect the buyback strategies of publicly traded companies. The removal of the upper limit may increase companies' buyback capacity. Not investment advice.

📊 GOOGL — Piyasa Yorumu

■ neutral · 35%

The removal of the share buyback upper limit by the CMB allows companies to conduct more flexible buybacks, but it is not expected to have a direct impact on GOOGL specifically, as this regulation applies to companies subject to the Turkish Capital Markets Board. GOOGL's technical indicators are currently positive: the price is above the SMA20 and SMA50, the RSI at 63 is approaching overbought territory, and the MACD is above the signal line. The news has a neutral effect on GOOGL, and the stock may continue to move based on its own dynamics. In the short term (1-3 days), while the current technical outlook is positive, no news-driven directional change is expected.

RSI 14

63.3

MACD

3.02

24h Δ

2.72%

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