The following were among the active equities in the Turkish market today. Stock symbols are in parentheses.
Akbank TAS (AKBNK) , the lender owned by Citigroup Inc. and Haci Omer Sabanci Holding AS (SAHOL), fell 1.5 percent to 6.64 liras while the Turkish banking index increased 0.3 percent. Akbank was cut to “sell” from “neutral” and is the “least- preferred” among Turkish banks because of its share price premium versus peers, UBS said today.
EIS Eczacibasi Ilan & Sinai & Finansal Yatirimlar Sanayi & Ticaret AS (ECILC TI), a drugmaker, gained 1.1 percent to 1.78 liras. The company entered into an agreement with Germany’s MediGene AG (MDG) to supply its Veregen ointment for genital warts, according to a statement from MediGene today.
Turk Hava Yollari (THYAO) AO, or Turkish Airlines, jumped 3.7 percent to 2.27 liras. The company is a potential buyer of Poland’s state airline Polskie Linie Lotnicze LOT SA, Poland’s Treasury Ministry spokeswoman Madalena Kobos said today.
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