Turkish Stocks: Deva Holding, Dogan Holding, Dogan Yayin Move
Turkey’s benchmark ISE National 100 Index (XU100) rose 0.5 percent to 60,122.90 at the close in Istanbul, paring its loss on the week to 0.8 percent.
The following shares were active. Stock symbols are in parentheses
Deva Holding AS (DEVA) , a Turkish drugmaker owned by EastPharma Ltd. (EAST), jumped to the highest level in more than nine months, rising 2.6 percent to 2.40 liras, after saying it will close its plant in Istanbul’s Topkapi district and make plans to sell the property.
Dogan Sirketler Grubu Holding AS (DOHOL) , a group of companies with interests in media and energy, rose 4.2 percent to 75 kurus after Prime Minister Recep Tayyip Erdogan stood side-by-side with honorary chairman Aydin Dogan at an opening ceremony for Istanbul Trump Towers yesterday. The two men’s public appearance together comes after years of feuding and after the company’s shares plunged on April 12 amid reports Aydin Dogan could be arrested in connection with a round-up of suspects in an investigation into the 1997 toppling of Turkey’s government.
Dogan Yayin Holding AS (DYHOL) , Dogan’s media holding company, gained 3.1 percent to 67 kurus.
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
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.