Turkey Stocks: Adel, Erdemir, Plastik Kart Moved in Istanbul
The following stocks were active. Stock symbols are in parentheses.
Adel Kalemcilik Ticaret & Sanayi AS (ADEL) , a maker of office supplies that is part-owned by Faber-Castell AG, gained the most this year, rising 2.8 percent to 32.80 liras after a report in Dunya newspaper that it will move to a new plant and may use its existing plant for a real estate project.
Eregli Demir & Celik Fabrikalari TAS (EREGL) , or Erdemir, Turkey’s largest steelmaker, plunged the most in more than three years, dropping 11 percent to 3.58 liras, after ArcelorMittal (MT), the world’s biggest steelmaker, reduced its stake in the company.
Plastik Kart Akilli Kart Iletisim Sistemleri Sanayi & Ticaret AS (PKART) , a maker of smart cards, added 3.3 percent to 2.85 liras after saying it started talks with Amsterdam-based Gemalto NV (GTO) on a possible share sale or partnership.
To contact the reporter on this story: Benjamin Harvey in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com