Turkish Stocks: Akfen Holding, Garanti Bank Move in Istanbul

Turkey’s benchmark ISE National 100 Index (XU100) gained 0.4 percent to 59,940.54 at the close in Istanbul.

The following shares were active. Stock symbols are in parentheses.

Akfen Holding AS (AKFEN) , a builder, added 2.6 percent to 9.54 liras, its biggest gain since April 13. Its unit TAV Insaat and partners may win a contract for the expansion of Abu Dhabi’s international airport, Reuters reported, citing people it didn’t identify.

Turkiye Garanti Bankasi AS (GARAN) , Turkey’s biggest bank by market value, dropped 0.6 percent to 6.66 liras. Profit will suffer as non-performing loans increase this year, Chief Executive Officer Ergun Ozen said in Istanbul today.

To contact the reporter on this story: Sibel Akbay in Istanbul at sakbay@bloomberg.net

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

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