Fenerbahce Rises to Highest in One Week on Trabzonspor Win
Fenerbahce Sportif Hizmetler Sanayi & Ticaret AS (FENER), the merchandising arm of Istanbul soccer club Fenerbahce, surged to the highest in more than a week after the team defeated league rival Trabzonspor.
The shares jumped 7.9 percent to 58.00 liras at the close in Istanbul, the strongest level since April 26.
Fenerbahce’s 3-1 win yesterday puts the team in second place behind league leader Galatasaray, according to information on the website of the Turkish Football Federation. The two teams play each other May 12 in Istanbul.
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