Turkish Stocks: Tekfen, Anadolu Efes, Yazicilar Are Active

Turkey’s benchmark ISE National 100 index fell, losing 22.60, or less than 0.1 percent, to 63,501.58 at the 5:30 p.m. close of trading in Istanbul.

The following stocks were active. Symbols are in parentheses.

Tekfen Holding AS (TKFEN TI), a Turkish builder, rose 2.6 percent, or 16 kurus, to 6.30 liras after its construction unit Tekfen Insaat & Tesisat signed an initial accord to build two fertilizer plants in Morocco for $170 million.

Anadolu Efes Biracilik Ve Malt Sanayii AS (AEFES TI), a Turkish brewer, dropped 5.7 percent, or 1.35 liras, to 22.35 liras after it was rated “market underperform” in new coverage at Ak Investment by equity analyst Bora Tezguler. The 12-month target price is 23.09 liras per share.

Yazicilar Holding AS (YAZIC TI), a Turkish group with interests in beverages, automotives and financial services, climbed 3.8 percent, or 45 kurus, to 12.35 liras, after it was rated “market outperform” in new coverage at Ak Investment with a 12-month target price of 20.81 liras per share.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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