Turkish Stocks: Bim Birlesik, Borusan, Global Yatirim Move
Turkey’s benchmark ISE National 100 Index gained 168.10, or 0.3 percent, to 66,596.39 at 1:20 p.m. in Istanbul. The gauge fell the three previous days.
The following stocks were active. Symbols are in parentheses.
BIM Birlesik Magazalar AS (BIMAS TI), a discount grocer, rose 50 kurus, or 1 percent, to 53 liras after announcing that it plans to expand into Saudi Arabia. The company has signed a memorandum of understanding with Savola Azizia United Co., a Saudi Arabian food producer, to start a discount retail chain in the Gulf kingdom, it said in a statement to the exchange today.
Borusan Mannesmann Boru Sanayi & Ticaret AS (BRSAN TI), a pipe manufacturer, jumped as much as 6 percent after saying it won a 20.8 million-euro ($28 million) contract from Energinet.dk to supply steel pipes for a 94-kilometer natural gas pipeline in Denmark. Borusan shares last traded up 50 kurus, or 2.7 percent, at 18.90 liras.
Global Yatirim Holding AS (GLYHO TI), a group with interests in real estate, energy, ports and financial services, gained 3 kurus, or 2.5 percent, to 1.22 lira, the highest intraday level since March 2008. The company will increase its stake in natural gas distributor Energaz Gaz Elektrik Su Dagitim AS to 49.5 percent from 26.2 percent, the company said in an exchange filing.
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