Turkish Stocks: Denizbank, Hateks, TGS Shares Move in Istanbul

Turkey’s benchmark ISE National 100 Index (XU100) added 0.8 percent to 56,695.71 at the close in Istanbul, gaining for a fifth day.

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

Denizbank AS (DENIZ) , the Turkish unit of Beligum’s Dexia SA (DEXB), rose 0.9 percent to 11.75 liras after OAO Sberbank (SBER) of Russia, Eastern Europe’s largest lender, was said to be buying it for about $3.6 billion, according to three people with direct knowledge of the matter.

Hateks Hatay Tekstil Isletmeleri AS (HATEK) , a Turkish textile producer, added 0.8 percent to 5.04 liras after saying it began sales to China under its Sensei brand, according to a statement to the exchange today.

TGS Dis Ticaret AS (TGSAS TI), a provider of export services to more than 200 apparel producers, fell on its first trading day, dropping to 5.5 liras from an initial public offering price of 5.6 liras.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

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

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