Turkey Stocks: Adel, Erdemir, Plastik Kart Moved in Istanbul

Turkey’s benchmark ISE National 100 Index (XU100) retreated 1.1 percent to 61,815.10 at the close in Istanbul, falling for a second day and paring its gain this year to 21 percent.

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 bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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.