Turkish Equity Movers: Dogan Gazetecilik, Ulker Biskuvi
Turkey’s benchmark ISE National 100 Index (XU100) rose for a fourth day, adding 126.17, or 0.2 percent, to 68,691.77 at the 5:30 p.m. close in Istanbul. Gains for the week were 0.4 percent. The index has risen for seven straight weeks.
The following stocks were active. Symbols are in parentheses.
Ulker Biskuvi Sanayi AS (ULKER) , the owner of Godiva chocolates, surged 32 kurus, or 5.6 percent, to 6.08 liras, the biggest increase in four months. Ulker sold its 10.1 percent stake in BIM Birlesik Magazalar AS (BIMAS), a discount supermarket chain, for 774.5 million liras ($509 million), according to a filing with the Istanbul Stock Exchange after markets closed yesterday. BIM was unchanged at 53 liras.
Dogan Gazetecilik AS (DGZTE) , a newspaper publisher, fell 34 kurus, or 9.5 percent, to 3.24 liras, extending the decline over the past three days to 22 percent, the most since October 2008. Dogan Gazetecilik sold the Milliyet and Vatan newspapers to DK Gazetecilik & Yayincilik AS, owned by Turkey’s Demiroren and Karacan groups, for $74 million, according to a statement to the exchange two days ago.
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