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Turkish Stocks: CarrefourSA, Tofas Otomobil, Rhea Girisim Move

Turkey’s benchmark ISE National 100 Index (XU100) surged 1.7 percent to 59,299.68, the highest since April 30, at the close in Istanbul, resuming gains after yesterday’s 0.2 percent decline broke its longest winning streak since 1993.

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

CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CARFA) , a grocery store chain, added 4.3 percent to 15.80 liras after part-owner Haci Omer Sabanci Holding AS, Turkey’s second- biggest group of companies, said it continues to assess buying shares in the unit from parent Carrefour SA, whose chief executive said yesterday it may exit Turkey.

Tofas Turk Otomobil Fabrikasi AS (TOASO) , the Turkish unit of Fiat SpA (F) in partnership with Koc Holding AS (KCHOL), added 2.4 percent to 6.96 liras, the highest in almost a month, after the government announced new incentives for motor vehicle producers.

Rhea Girisim Sermayesi Yatirim Ortakligi AS (RHEAG) , a venture capital investment trust, gained 2.4 percent to 2.13 liras, rising for the first day in four. Rhea applied to the market regulator to offer as much as 60 million liras ($33 million) of bonds, according to a statement from the company to the stock exchange.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

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

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