No batching is only supported for the SQL Server Client and Oracle Client. The Sybase driver uses the NonBatchingBatcher which means no batching.
Extended Driver to use batching
I've created a Batcher for NHibernate http://pastebin.com/gbPs6w4a
Sample configuration
The key line is db.Driver
Configuration.DataBaseIntegration(
db =>
{
db.ConnectionString = "Some Connection String"
db.KeywordsAutoImport = Hbm2DDLKeyWords.None;
db.Driver<SybaseSQLAnywhereDotNet4WithBatcherDriver>();
db.Dialect<SybaseSQLAnywhere12Dialect>();
db.BatchSize = 25;
db.LogSqlInConsole = showSqlInConsoleWindow;
db.LogFormattedSql = showSqlInConsoleWindow;
});