Turkish Stocks: Fenerbahce, Halkbank, Turkish Airlines, Ulker

Turkey’s benchmark ISE National 100 Index (XU100) fell 0.1 percent to 58,749.33 at the close in Istanbul, its lowest level since Jan. 31.

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

Fenerbahce Sportif Hizmetler Sanayi & Ticaret AS (FENER) , the merchandising arm for last year’s Turkish soccer champion Fenerbahce, slumped 2.6 percent to 56.50 liras. The team may withdraw from the country’s top competition after the football federation said some of its executives were involved in match-fixing, according to a statement from jailed club Chairman Aziz Yildirim posted on the club’s website.

Turk Hava Yollari (THYAO) , the national airline known as Turkish Airlines, rose as much as 2.6 percent before paring gains to close up 0.7 percent at 2.77 liras. Chairman Hamdi Topcu said he expects the company will agree to purchase Poland’s state-owned airline within a month.

Turkiye Halk Bankasi AS (HALKB) , a Turkish state-run bank, climbed 1.3 percent to 12.05 liras after saying first- quarter profit rose 3.7 percent to 544.2 million liras ($307 million), exceeding estimates.

Ulker Biskuvi Sanayi AS (ULKER) , Turkey’s largest confectioner and part-owner of the Godiva chocolate brand, closed at the highest in more than eight years, jumping 13 percent to 6.14 liras, after saying first-quarter profit more than tripled and it will pay a gross 0.82 lira a share in dividends on May 28.

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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