MARKET OVERVIEW - After the BDDK statement, the rise in Borsa Istanbul accelerated.

After the Banking Regulation and Supervision Agency (BDDK) granted banks flexibility in share buybacks and announced that the shares they acquire would not be deducted from core capital, the rise in the Istanbul Stock Exchange accelerated, led by bank stocks.

The XBANK index, representing the banking sector, surged over 6.7%, reaching 13,430 points. The BIST 100 Index saw a significant increase of 5.46%, hitting 9,806.56 points. The stocks that contributed the most to this sharp rise in the BIST 100 included BİM, Akbank, Turkish Airlines (THY), Turkcell, İş Bankası, Sabancı Holding, YKB, Garanti Bankası, Tüpraş, and Aselsan.