Albaraka Rises in Istanbul After Announcing Capital Increase

Albaraka Turk Katilim Bankasi AS (ALBRK), a Turkish Islamic bank, advanced after announcing a capital increase.

The shares gained 1.5 percent to 2.01 liras by the close in Istanbul after surging as much as 11 percent, the biggest intraday increase since October 2009.

Albaraka sent a request to regulators to increase its capital by 361 million liras ($201 million) to 900 million liras, it said in a statement to the stock exchange after the market close yesterday.

To contact the reporter on this story: Benjamin Harvey in Istanbul at

To contact the editor responsible for this story: Gavin Serkin at

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