Aygaz, Is GYO, Turkish Airlines: 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 126.17, or 0.2 percent, to 68,691.77 on April 22.

Aygaz AS (AYGAZ) : The Turkish distributor of liquefied petroleum gas is interested in Istanbul city’s planned auction to sell its gas grid Igdas, Haberturk reported, citing Aygaz Chief Executive Officer Yagiz Eyuboglu.

The company may also bid in auctions expected from state pipeline company Botas to transfer its six billion cubic meters of natural gas import contracts with OAO Gazprom to non-state companies, according to the Istanbul-based newspaper.

Aygaz is interested in the sale of assets of Akenerji Elektrik Uretim AS (AKENR) , an energy company owned by Czech CEZ and Turkish Akkok group, the paper said. Aygaz gained 15 kurus, or 1.5 percent, to 10.15 liras. Akenerji advanced 6 kurus, or 1.6 percent, to 3.79 liras.

Is Gayrimenkul Yatirim Ortakligi AS (ISGYO) : The Turkish property developer agreed with Kayi Holding AS to establish a joint venture in the Netherlands for hotel and other commercial building investments in Russia, according to a statement to the Istanbul Stock Exchange after the market closed on April 22. Is GYO was unchanged at 1.85 liras.

Turk Hava Yollari (THYAO) AO: The carrier known as Turkish Airlines will start talks next month to buy Serbian airline JAT Airways, Bloomberg HT television reported today. The stock gained 1 kurus, or 0.2 percent, to 4.46 liras.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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