Turkish Stocks: Anadolu Hayat, Tofas Turk, Tekfen Are Active

Turkey’s benchmark ISE National 100 Index rose 2.4 percent to 52,797.16 at 5:30 p.m. in Istanbul.

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

Anadolu Hayat Emeklilik AS (ANHYT) , Turkey’s biggest life insurer, jumped 6.3 percent to 3.02 liras. The company reported full-year premiums of 348.4 million liras ($188 million) for 2011 in a statement to the exchange today.

TAV Havalimanlari Holding AS (TAVHL) , an airport operator, declined 1.3 percent to 7.54 liras. The company’s ground-handling unit Havaalani Yer Hizmetleri AS, known as Havas, suspended its passenger bus services to and from Istanbul airports and the city center after a decision against it by the municipality.

Tekfen Holding AS (TKFEN) , a builder that owns lender Eurobank Tekfen in partnership with Greece’s EFG Eurobank Ergasias AS, rose 2.4 percent to 5.22 liras. The sale process for Eurobank Tekfen continues, Chairman Mehmet Erten said, after local website borsagundem.com reported there were no bidders.

Tofas Turk Otomobil Fabrikasi AS (TOASO) , a joint venture between Fiat SpA (F) and Koc Holding AS (KCHOL), gained for a fifth day, advancing 6.3 percent to 7.14 liras. Fiat and Koc will make an initial investment of 500 million euros ($633 million) to develop a Turkish car at Tofas’ plant, Hurriyet newspaper reported, citing Sergio Marchionne, chief executive officer of Fiat SpA and Chrysler Group LLC.

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.