Is GYO, Park Elektrik, Sinpas: Turkey Equity Market 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 (XU100) rose 101.46, or 0.2 percent, to 68,194.72 yesterday.

Is Gayrimenkul Yatirim Ortakligi AS (ISGYO) : The Turkish property developer started talks with Kayi Holding AS to explore opportunities for investment in Russia, including in hotels, according to a filing with the bourse after the close yesterday. Is GYO gained 1 kurus, or 0.6 percent, to 1.8 liras.

Park Elektrik Uretim Madencilik Sanayi & Ticaret AS (PRKME TI): The Turkish power generator and miner’s parent company Park Holding AS got approval from Turkey’s privatization board to buy the southern power grid Akdeniz Elektrik Dagitim AS for $1.16 billion, according to a decision published in the Official Gazette today. Park Elektrik was unchanged at 4.22 liras.

Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) : The Turkish housing developer pre-sold 75 percent of the apartments in the Ottomare Suites project in Istanbul with partner Barwa, Milliyet newspaper reported. Sinpas GYO was unchanged at 2.13 liras.

To contact the reporter on this story: Aydan Eksin in Istanbul at

To contact the editor responsible for this story: Shaji Mathew at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.