Enka Insaat Rises Most Since June 6 After Iraq-Related Slump

Shrs +2% to 5.60 liras, rising for the first time in five days, at the close in Istanbul as investors re-evaluate co’s exposure to Iraq. *Vol. of shares traded 2x 30-day daily avg. *"The risk in Iraq is not as high as investors assume’’: Toygun Onaran, analyst at BNP Paribas’s Turkey unit *Enka projects located in “relatively safe areas” of Iraq, with 3 in Kurdish region in the north and 2 in the southern city of Basra: Onaran *Iraq business expected to be 7.2% of 2014 Ebitda: Onaran *NOTE: 34% of Enka’s back-log comes from Iraq: co. presentation

To contact the reporter on this story: Constantine Courcoulas in Istanbul at ccourcoulas1@bloomberg.net

To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net Benjamin Harvey

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