Turkish Stocks: Dogus Otomotiv, Turk Telekom, Vakifbank Move
Stock Chart for Dogus Otomotiv Servis ve Ticaret AS (DOAS)
The following were among the active equities in the Turkish market today. Stock symbols are in parentheses.
Dogus Otomotiv Servis & Ticaret AS (DOAS TI), the importer of Volkswagen AG (VOW) cars in Turkey, surged the most since November, adding 4.3 percent to 3.67 liras after Hurriyet newspaper reported Volkswagen is considering manufacturing in Turkey, spurring speculation it may partner with Dogus. Dogus said no such agreement exists between the two companies.
Turk Telekomunikasyon AS (TTKOM) , Turkey’s largest phone company, added 1 percent to 8 liras after Reuters reported Qatar made an offer for Saudi Oger Ltd.’s subsidiary Oger Telecom Ltd., which has a controlling stake in Turk Telekomunikasyon. Saudi Oger is a Riyadh-based construction, telecommunications and utility company controlled by members of Lebanon’s Hariri family.
Turkiye Vakiflar Bankasi TAO (VAKBN) , a state-run lender, surged 4.3 percent to 2.93 liras. The bank received 1.92 billion liras ($1 billion) of bids for a 1 billion-lira, 178-day bond issue denominated in the local currency, it told the Istanbul Stock Exchange today. The bonds sold at a yield of 10.9 percent, it said.
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