Turkey Stocks: Acibadem, Aselsan, Akenerji, Garanti, Is Girisim

Turkey’s benchmark ISE National 100 Index (XU100) fell 82.69, or 0.1 percent, to 57,228.53 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses.

Acibadem Saglik Hizmetleri & Ticaret AS (ACIBD TI), a Turkish hospital chain, plunged 1.60 liras, or 6 percent, to 24.90 liras, its biggest drop since Aug. 8. The company bought 50 percent of a Macedonian hospital complex and related services for 20 million euros ($26.7 million), it said in a statement to the exchange today.

Aselsan Elektronik Sanayi & Ticaret AS (ASELS TI), a defense contractor, gained 4 kurus, or 0.6 percent, to 7.28 liras. The company won an $8.1 million contract to provide electronic systems to the Saudi military, it said in a statement to the exchange today.

Akenerji Elektrik Uretim AS (AKENR) , a utility jointly owned by the Czech Republic’s CEZ AS (CEZ) and Turkey’s Akkok Group, added 7 kurus, or 2.4 percent, to 2.94 liras. The company should be sold by the end of the year, Akkok chief executive Mehmet Ali Berkman said in an interview today.

Proceeds from the sale of Akenerji will be used to invest in Akkok’s core businesses including Aksa Akrilik Kimya Sanayii (AKSA) AS, the world’s largest producer of synthetic fibers, with which Akkok is planning a 50-50 joint venture with Dow Chemical Co (DOW), the largest U.S. chemicals manufacturer, for production in Turkey, Berkman said. Aksa shares fell 2 kurus, or 0.4 percent, to 4.80 liras.

Is Girisim Sermayesi Yatirim Ortakligi AS (ISGSY) , a venture capital firm part-owned by Turkiye Is Bankasi AS (ISCTR TI), jumped 11 kurus, or 5.5 percent, to 2.13 liras, the highest level since July 19. The company got approval from the antitrust regulator to sell Probil Bilgi Islem Destek & Danismanlik Sanayi & Ticaret AS to Netas Telekomunikasyon AS (NETAS TI), it said in a statement to the exchange today.

Netas shares gained 1 lira, or 0.7 percent, to 150.50 liras.

Turkiye Garanti Bankasi AS (GARAN) , Turkey’s biggest listed bank, fell 10 kurus, or 1.5 percent, to 6.66 liras. Mehmet Sezgin, general manager of Garanti’s credit card unit, said the bank was giving up efforts to stem loan growth as authorities signaled a reluctance to enforce curbs. Garanti will probably grow its loans more than 25 percent this year and about 23 percent in 2012, Sezgin said in an interview.

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

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.