Turkey Stocks: Asya Katilim, Otokar, Vestel Elektronik Move
The following shares were active. Stock symbols are in parentheses.
Asya Katilim Bankasi AS (ASYAB) , an Islamic bank, slid 5.1 percent to 1.69 liras, its biggest loss since Nov. 21. The bank is waiting for “the right market conditions” to issue $300 million of sukuk bonds as “unfortunately things are not good abroad,” Chief Executive Abdullah Celik said in an interview today.
Otokar Otomotiv & Savunma Sanayi AS (OTKAR) , a producer of buses and military trucks, rose 1.4 percent to 30 liras after saying it received a contract for armored vehicles worth about 39.5 million liras ($21.9 million).
Vestel Elektronik Sanayi & Ticaret AS (VESTL) , a consumer electronics and home appliances manufacturer, gained 0.5 percent to 2.07 liras, trimming a gain of as much as 7.3 percent in the day, after saying in a filing for tax purposes only that its first-quarter profit was 90.7 million liras.
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