Turkish Equity Movers: Ford Oto, Petkim, TAV, Tekfen, Turkcell

Turkey’s benchmark ISE National 100 Index (XU100) snapped two days of losses, adding 647.55, or 1 percent, to 68,440.24 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses.

Celebi Hava Servisi AS (CLEBI) , an airport services company, gained 30 kurus, or 1.1 percent, to 29 liras after saying it bid in an auction to operate ground services at India’s Cochin International Airport for ten years, according to a statement to the exchange today.

Ford Otomotiv Sanayi AS (FROTO) , Ford Motor Co.’s Turkish unit, climbed to a record high of 15 liras, rising 20 kurus, or 1.4 percent. The company’s first-quarter profit doubled over the previous year to 142.8 million liras ($94 million), it said in a statement to the exchange.

Otokar Otomotiv & Sanayi AS (OTKAR TI), a producer of buses and military vehicles, reversed earlier losses of as much as 1.4 percent to add 10 kurus, or 0.4 percent, to 28.5 liras after saying it received an order for 56.4 million liras to supply armoured vehicles to Turkey’s security forces.

Petkim Petrokimya Holding AS (PETKM) , Turkey’s biggest maker of petrochemicals, climbed the most since Jan. 4 after saying it reduced an order to pay back-taxes and fines from 2006-2010 to 3.5 million liras from 34.2 million. The shares gained 8 kurus, or 3.1 percent, to 2.65 liras.

TAV Havalimanlari Holding AS (TAVHL) , an airport operator, gained 10 kurus, or 1.3 percent, to 7.7 liras. The company held talks with Saudi banks to finance its bid to develop the airport in Medina, Sabah newspaper reported.

Tekfen Holding AS (TKFEN) , a builder, rose 8 kurus, or 1.3 percent, to 6.4 liras. Chairman Erhan Oner told Bloomberg HT television he expected sales this year of $1.6 billion.

Turkcell Iletisim Hizmetleri AS (TCELL TI), Turkey’s largest mobile phone company by users, fell for a second day after missing first-quarter profit estimates. Profit dropped 21 percent over the previous year to 330.1 million liras due to increased competition and a cut in termination rates by the industry regulator, it said in a PR Newswire statement today. The shares lost 12 kurus, or 1.34 percent, to 8.82 liras.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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