Emlak Konut stock gains 2.10 percent on buyback news

Emlak Konut stock rose 2.10 percent to TRY 19.90 on Borsa Istanbul on September 23, 2026, while a new subsidiary capital commitment and a share buyback shaped the company story. The session move came as Emlak Konut joined a capital increase for its wholly owned elevator systems subsidiary, according to Hibya.

Buyback adds a market signal

The subsidiary's paid-in capital was raised from TRY 1.15 billion to TRY 2.80 billion, with Emlak Konut retaining its 100 percent ownership, Hibya reported on September 23, 2026. The company committed TRY 1.35 billion before registration and plans to pay the remaining TRY 300 million within 24 months.

The broader capital-markets signal is the buyback program. Paraajansi reported on September 23, 2026, that the program carries a TRY 1.00 billion fund and can cover up to 375.45 million shares. That ceiling equals 9.88 percent of issued capital, according to the same report.

Profit pressure remains visible

The first-half numbers explain why the capital actions matter. Emlak Konut generated TRY 53.30 billion in sales revenue in the six months through June 2026, down 15.75 percent from TRY 63.27 billion a year earlier.

Net profit fell 81.08 percent to TRY 2.36 billion from TRY 12.46 billion in the comparable period, while operating profit declined 36.23 percent to TRY 12.44 billion. Etre Finans attributed the earnings pressure to deferred tax expense and higher financing costs in its September 2026 analysis.

Stock stays below yearly high

Emlak Konut's TRY 19.90 price on September 23, 2026 stood 26.62 percent below its 52-week high of TRY 27.12 and 13.91 percent above its 52-week low of TRY 17.47. The reference price therefore combines a positive daily session with a wide distance from the yearly peak.

For investors, the key tension is numerical: the buyback and subsidiary investment provide corporate support, while first-half revenue and profit remain below the prior-year comparison. Kuveyt Turk Yatirim retained a TRY 31 target and Buy recommendation on September 23, 2026, according to Paraajansi.