Turkish Equity Movers: Koza, Mango, Otokar, Turk Telekom Move

Turkey’s benchmark ISE National 100 Index (XU100) rose for the first day in four, gaining 571.27, or 0.9 percent, to 63,261.06 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses.

Koza Altin Isletmeleri AS (KOZAL) , a gold miner, added 85 kurus, or 3.8 percent, to 23.05 liras, its biggest gain since April. Gold climbed to a record in London and New York today as concern about Europe’s debt crisis spurred demand for the metal as a protection of wealth.

Mango Gida Sanayi & Ticaret AS (MANGO TI), a producer of fruits and vegetables, surged 33 kurus, or 18 percent, to 2.14 liras, a record jump. Mango signed a contract to sell its products to Russia’s food retailer Magnit OJSC (MGNT) that will be valid until Dec. 15, 2015, it said in a statement to the Istanbul Stock Exchange today.

Otokar Otomotiv & Savunma Sanayi AS (OTKAR TI), a producer of minibuses and military trucks, rose 60 kurus, or 1.6 percent, to 38.3 liras after getting an export order worth $54.1 million for four-wheel-drive armored vehicles, spare parts and training, according to a company statement to the exchange today.

Turk Telekomunikasyon AS (TTKOM) , the landline phone company, dropped 20 kurus, or 2.4 percent, to 8.22 liras. The company may miss second-quarter profit estimates on a weaker lira and its shares are “overpriced,” Is Investment said in a research report today.

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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