Turkey Stocks Movers: Petkim Petrokimya, Turcas Petrol

Turkey’s benchmark ISE National 100 Index (XU100) fell 1.9 percent to 51,553.20 at the 5:30 p.m. close in Istanbul, declining the most in two weeks.

The following stocks were active on the Turkish stock market today. Stock symbols are in parentheses.

Turcas Petrol AS (TRCAS) , a Turkish fuel retailer, jumped 2.4 percent to 2.15 liras, in the biggest advance since Dec. 2. Turcas agreed to sell its 25 percent stake in Socar & Turcas Enerji AS to the State Oil Co. of Azerbaijan, known as Socar, for $44 million, Petkim Petrokimya Holding AS (PETKM), Turkey’s biggest chemicals maker controlled by Socar & Turcas Enerji, said. Turcas also signed an accord to buy 18.5 percent of Socar & Turcas Rafineri AS from Socar & Turcas Enerji for 9.25 million liras, Petkim said in a statement to the bourse today. Turcas aims to focus on refining and fuel retailing, the company said Dec. 19.

Petkim (PETKM TI) fell 0.5 percent to 1.99 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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