23 Companies Execute Share Buybacks on Borsa Istanbul

GARAN shares rose 6.75% in 24 hours to reach 137.5 and are trading above SMA20/SMA50; MACD is positive above the signal line. However, RSI14 at 73.3 has approached overbought territory, which increases the risk of some short-term profit-taking. Although the buyback move in the news headline is generally supportive of market sentiment, it does not contain a concrete buyback announcement specific to GARAN; therefore, the impact may be limited and indirect. Since technical momentum is strong, I assess the direction as upward, but I keep confidence at a moderate level due to overbought conditions. In the short term, fluctuation in the 135-138 band and a possible limited correction should not be overlooked.

The buyback moves by 23 companies on Borsa Istanbul could increase short-term buying interest across the market and particularly in large stocks such as TCELL. TCELL's technical indicators are positive: the price is above SMA20 and SMA50, RSI at 61 is approaching overbought territory but not yet there, and MACD is slightly above the signal line. Although the news is not directly specific to TCELL, which limits its impact, buyback news supports overall appetite and could keep the stock upward. Nevertheless, the 24-hour change of only 0.16% and RSI nearing 70 suggest that the rise may be limited and volatile. I expect a mildly positive trend in the short term, but I keep confidence at a moderate level because the news is not company-specific.

TUKAS shares rose 5.33% in 24 hours to reach 1.78 and are trading above the SMA20. RSI at 59.9 has not approached overbought territory, and MACD is positive above the signal line. News of buyback moves by 23 companies on Borsa Istanbul may support short-term buying appetite across the market and for the stock specifically. However, the impact of buyback news is often limited and temporary; since it is not clear whether TUKAS is on this list, the effect carries uncertainty. Technical indicators point to a mildly positive short-term trend, so a moderate upward expectation appears reasonable.