Turkish Stocks: Dogan, Hurriyet Gazetecilik, Kardemir Are Active

Turkey’s benchmark ISE National 100 Index rose 482.27, or 0.7 percent, to 69,311.23 at the 5:30 p.m. close in Istanbul, the highest level since Nov. 15.

The following stocks were active. Symbols are in parentheses.

Dogan Yayin Holding AS (DYHOL TI), Turkey’s biggest media group, rose 11 kurus, or 5.4 percent, to 2.14 liras, a fourth day of gains. CNBC-e television said parliament approved legislation allowing foreigners to own as much as 50 percent of media companies.

Hurriyet Gazetecilik & Matbaacilik AS (HURGZ TI), publisher of the best-selling Hurriyet newspaper and weekly magazines and owned by Dogan Yayin, rose 9 kurus, or 4.3 percent to 2.2 liras.

Kardemir Karabuk Demir Celik Sanayi & Ticaret AS (KRDMD TI), a Turkish steelmaker, rose 3 kurus, or 3.9 percent, to 0.8 liras. The company will increase its total steel and railroad track production capacity by as much as 80 percent and plans 1.3 million metric tons of output this year, chief executive Fadil Demirel said in a telephone interview with Bloomberg HT today.

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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