Nov. 25 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index fell 81.84, or 0.1 percent, to 67,148.88 at the 5:30 p.m. close in Istanbul.
The following were among the most active stocks in the Turkish market. Symbols are in parentheses.
Koc Holding AS (KCHOL TI), Turkey’s biggest industrial group rose 14 kurus, or 1.9 percent, to 7.36 liras. Koc Holding would be a “serious buyer” if its partner UniCredit SpA decides to sell its stake in Turkish lender Yapi & Kredi Bankasi AS, Milliyet newspaper reported, citing Koc Chairman Mustafa Koc. The company, a partner in carmaker Tofas Turk Otomobil Fabrikasi AS, is also in talks with Fiat SpA to produce a mid-range model in Turkey, Mustafa Koc said.
Ipek Matbaacilik Sanayi & Ticaret AS (IPMAT TI), a Turkish company with interests in energy, mining, printing, jumped the most in six months, gaining 23 kurus, or 6.8 percent, to 3.61 liras. The company won a license for oil exploration in Siirt in eastern Turkey, Ipek Matbaacilik said in a statement to the bourse today.
Turk Ekonomi Bankasi AS (TEBNK TI), the Turkish bank part-owned by BNP Paribas SA, rose 11 kurus, or 4.7 percent to 2.44 liras. The Istanbul-based bank, known as TEB, offered 1.0518 shares for each Fortis Bank AS share in a planned merger, according to a filing with the Istanbul Stock Exchange today. It will apply to the regulators tomorrow to approve Fortis Bank’s merger into TEB. Fortis (FORTS TI) surged the most in five months, rising 20 kurus, or 9.5 percent to 2.31 liras.
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