Turkish Stocks: Do & Co, Dogan, Emlak Konut, Sinpas Are Active
Turkey’s benchmark ISE National 100 Index gained for a third day, adding 782.89, or 1.2 percent, to 66,939.08 at 5:30 p.m. in Istanbul.
The following were among the most active stocks in the Turkish market. Symbols are in parentheses.
Do & Co Restaurants and Catering AG (DOCO TI), the Vienna- based airline and event caterer, rose 6 kurus, or 14 percent, to 49.20 liras on the first day of trading after an initial public offering. Do & Co is the first foreign-based company to be listed on the Istanbul Stock Exchange. It sold a 29 percent stake on Nov. 25-26.
Dogan Sirketler Grubu Holding AS (DOHOL TI), the diversified company with interests in insurance, media, finance and energy, rose 6 kurus, or 5.7 percent, to 1.12 liras, the biggest increase in six months. Media unit Dogan Yayin Holding AS told the exchange today that a top court suspended a 1.05 billion-lira ($706 million) tax fine.
Emlak Konut Gayrimenkul Yatirim Ortaklari AS (EKGYO TI), the state-run property developer, climbed 20 kurus, or 12 percent, to 1.90 liras on its first day of trading after a 1.06 billion-lira IPO, Turkey’s biggest this year. The shares were the most traded on the exchange.
Sinpas Gayrimenkul Yatirim Ortaklari AS (SNGYO TI), a real- estate development trust, rose the most in almost two months, gaining 17 kurus, or 8.6 percent, to 2.15 liras. Chief executive Omer Faruk Celik said he expected profit of 314 million liras in 2011 compared with between 100 million liras and 120 million liras this year.
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