Turkish Stock Market Updates: Trades, Buybacks & Index Changes – April 1st – June 30th

Trading of shares in AYCES and OZSUB was temporarily halted today, March 23, 2026, as Turkish regulators imposed restrictions on short selling and borrowing of the stocks. The ban, effective immediately and lasting until April 22, comes amid increased market volatility, according to a report from Tacirler Yatırım.

The move follows a series of corporate announcements impacting several listed companies. TOASO announced it will distribute a gross dividend of 20 TL per share today, representing a dividend yield of 6.9% based on the last closing price.

Elsewhere, BEYAZ has suspended planned investments in Edirne and terminated its dealership agreement with Chery and Omoda&Jaecoo, citing market conditions. The company indicated it may explore future collaborations.

OTTO is expanding its international operations in the defense industry, having reached a preliminary agreement for a project in Kocaeli valued at approximately 15 billion TL. The company is currently assembling a technical team to manage the collaboration with the Azerbaijan Ministry of Defense, focusing on the supply of defense equipment and ammunition.

FRIGO has applied to the Capital Markets Board (SPK) for approval of a 188.9% capital increase, raising its capital from 294.2 million TL to 850 million TL.

PEKGY has initiated discussions to acquire commercial units within the Algün Ataşehir 1. Etap Project from Algün İnşaat, though no binding agreement has yet been reached. The company likewise disclosed that funds raised from a recent capital increase – 1.2 billion TL – have been used to pay down bank loans, with another 1.2 billion TL allocated to investments and 101.9 million TL to working capital.

ESCOM received an application from real person shareholder Halil İbrahim Özer to convert 2 million shares, representing 0.3% of the company’s capital, into a type eligible for exchange trading.

EFOR reported that proceeds from a share sale by a shareholder will be used to strengthen the group’s financial structure, with the seller committing to a 60-day lock-up period.

Several other companies saw significant trading activity. Cosmo saw Ömer Ünsalan sell 190,000 shares, reducing his stake to 33.44%, while Selahattin Kartal purchased 190,000 shares, increasing his stake to 2.75%. GENTS saw Orhan Kahraman acquire 425,000 shares, raising his stake to 3.96%. GENIL saw its chairman, Abidin Gümüş, purchase 34,680,000 shares from board members, increasing his stake to 66.55%, while Ali Göl acquired 2,000,000 shares, increasing his stake to 7.49%. Limak Çimento increased its stake in LKMDC to 72.60% through the purchase of 1,042,346 shares, and Ali Yıldırım raised his stake in SANEL to 16.57% with the acquisition of 75,000 shares. Conversely, Yaşar Birleşik Pazarlama reduced its stake in VKING to 6.02% through the sale of 400,000 shares.

TCKRC has submitted a bid for four lots, totaling approximately 330 million euros, in a 490 million euro international public tender issued by the Bulgarian State Road Infrastructure Agency. The tender process is ongoing.

TEHOL allocated funds from its capital increase: 55.1 million TL to financial debt payments, 51.5 million TL to working capital, and 105.9 million TL to investments.

AZTEK announced the termination of its share buyback program. GENKM reported that its price stabilization process with its brokerage firm has ended without any stabilization transactions taking place. ORCAY received SPK approval to increase its registered capital ceiling from 400 million TL to 3.5 billion TL.