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Turkish Stocks: Erdemir, Turkish Airlines Shares Are Active

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Dec. 6 (Bloomberg) -- Turkey’s benchmark ISE National 100 index rose 536.5.89, or 0.8 percent, to 67,403.81, at 4.45 p.m. in Istanbul.

The following were among the most active stocks in the Turkish market. Symbols are in parentheses.

Eregli Demir ve Celik Fabrikalari TAS (EREGL TI), the country’s biggest steelmaker, added 12 kurus, or 2.3 percent, to 5.26 liras. HSBC Holdings Plc maintained its “overweight” rating on the stock with a target price of 7 liras, saying the company would benefit from increasing profitability next year.

Is Gayrimenkul Yatirim Ortakligi AS (ISGYO TI), a real estate investment trust, fell 3 kurus, or 1.7 percent, to 1.76 liras. The company said late Friday that it was spending 18.6 million euros for properties in resort areas in the Mediterranean city of Antalya.

Turk Hava Yollari AO (THYAO TI), the national carrier known as Turkish Airlines, dropped to its lowest price in more than two months, falling 16 kurus, or 3 percent, to 5.24 liras. Turkey’s asset sales agency said Friday that it would choose an adviser for a possible sale of its 49.1 percent stake in the airline.

To contact the reporter on this story: Benjamin Harvey in Istanbul at Bharvey11@bloomberg.net

To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net

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