Turkish Stocks: Akenerji, Egeli, Tukas Move in Istanbul Trading

Turkey’s benchmark ISE National 100 Index (XU100) rose 2.8 percent to 62,543.49 at the close in Istanbul. The jump was the biggest since Feb. 1 and extends the gauge’s surge this year to 22 percent.

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

Akenerji Elektrik Uretim AS (AKENR) , a Turkish utility, surged the most since November 2008, adding 13.5 percent to 2.19 liras, after saying it would sell 45 percent of a special purpose vehicle to its partners, reducing debt.

Egeli & Co. Tarim Girisim Sermayesi Yatirim Ortakligi AS (EGCYO) , a Turkish investment company, jumped 4.3 percent to 0.98 liras after saying it signed a letter of intent to buy a 49 percent stake in an inactive dairy farm in western Izmir province to start organic milk production. Turkey revamped its milk production standards to allow exports to the European Union after a 12-year ban, according to a Zaman newspaper report yesterday.

Tukas Gida Sanayi & Ticaret AS (TUKAS) , a maker of canned and frozen food, gained 2 percent to 1.02 liras after saying it will request 50 million liras ($28 million) from owner Ordu Yardimlasma Kurumu, Turkey’s army pension fund known as Oyak, to strengthen its finances.

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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