Aselsan Elektronik Sanayi & Ticaret AS (ASELS), a Turkish defense electronics contractor, rose to the highest level on record after saying it signed an accord with Kaddb Investment Group to establish a joint venture company in Jordan.
Aselsan advanced 1.4 percent to 10 liras, rising for a fourth day and closing at the highest level since the shares were listed in January 1995.
Kaddb will have a 51 percent stake and Aselsan 49 percent in the partnership, which will be set up in the first half of this year in Jordan, Aselsan said in a statement to the Istanbul Stock Exchange today.
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