Turkish Stocks: Eczacibasi, Kardemir, Netas, Vestel Elektronik

Turkey’s benchmark ISE National 100 Index (XU100) added 1.8 percent to 54,769.25 at the close in Istanbul, extending this week’s gains to 7.2 percent.

The following stocks were active. Stock symbols are in parentheses.

Eczacibasi Yatirim Holding Ortakligi AS (ECZYT) , an investment holding company that acquires interests in Eczacibasi group companies, gained 2.2 percent to 4.56 liras after the group said its application to set up a bank in Turkey was being assessed by the regulator.

Kardemir Karabuk Demir Celik Sanayi & Ticaret AS (KRDMD) , a Turkish steelmaker, added 2.6 percent to 79 kurus after saying it got a $64 million loan to finance a furnace investment.

Netas Telekomunikasyon AS (NETAS) , a telecommunications firm, rose 2.4 percent to 127 liras after saying it got a $12 million contract from Aselsannet in Turkey.

Vestel Elektronik Sanayi & Ticaret AS (VESTL) , a manufacturer of electronic appliances, gained 3.2 percent to 1.94 liras after saying it gave the lowest bid, 339.6 million liras ($186.1 million), in a government auction to provide interactive boards for classrooms.

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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