Eczacibasi, Marti GYO, Turkish Airlines: Turkey Equity Preview

The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.

Turkey’s benchmark ISE National 100 Index fell 286.54, or 0.4 percent, to 64,192.60 yesterday, the second decline in three days.

Eczacibasi Yapi Gerecleri Sanayi & Ticaret AS (ECYAP TI): The maker of ceramic bathroom furniture and fittings plans to invest 10 million euros building a second factory in Russia, Sabah newspaper reported today. Eczacibasi Yapi rose 34 kurus, or 12.4 percent, to 3.08 liras.

Marti Gayrimenkul Yatirim Ortakligi AS (MRGYO TI): The real estate investment company will begin trading today at a base price of 1.42 liras. Hotel operator Marmaris Marti Otel Isletmeleri AS sold 49.1 percent of its shares in the real estate unit in an initial public offering last week. Marmaris Marti raised 76.7 million liras ($51.4 million) from the IPO and plans to use it to repay $27.5 million lira outstanding debt to Credit Suisse.

Turk Hava Yollari AO (THYAO TI): The national carrier known as Turkish Airlines is considering buying a double-deck airplane for long haul flights, Star reported. Turkish Airlines is considering either an Airbus 380 or a Boeing 747, company chairman Hamdi Topcu said, according to the Istanbul-based newspaper. Turkish Airlines fell 5 kurus, or 0.9 percent to 5.25 liras.

Turk Ekonomi Bankasi AS (TEBNK TI): The lender owned by BNP Paribas obtained a 50 million loan from the French Development Agency, it said it a statement to the exchange yesterday. TEB rose two kurus, or 0.9 percent, to 2.29 liras.

Yapi & Kredi Bankasi AS (YKBNK TI): The lender part-owned by Unicredit SpA got a 12-year loan of 50 million euros from the European Investment Bank, it said in a statement to the Istanbul Stock Exchange late yesterday. Yapi Kredi fell 12 kurus, or 2.5 percent, to 4.68 liras.

To contact the reporter on this story: Steve Bryant in Ankara at sbryant5@bloomberg.net

To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net

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