Jan. 28 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index fell to its lowest level in more than a month, losing 1,197.17, or 1.8 percent, to 63,841.41 at 12 p.m. in Istanbul.
The following stocks were active. Symbols are in parentheses.
Kiler Alisveris Hizmetleri Gida Sanayi ve Ticaret AS (KILERY TI), a low-cost supermarket chain, rose 32 kurus, or 4.3 percent, to 7.72 liras on its second day of trading after an initial public offering. The shares have risen 27 percent above the 6.10 liras they were initially sold for on Jan. 20-21.
Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO TI), Turkey’s largest housing developer, extended yesterday’s record loss, falling 6 kurus, or 2.2 percent, to 2.68 liras as banks started raising mortgage lending rates in response to the central bank’s inceased reserve requirements.
Turkiye Garanti Bankasi AS (GARAN TI), Turkey’s largest provider of consumer and personal loans, fell to its lowest level in more than five months as central banking measures to curb lending started taking effect. The shares fell 18 kurus, or 2.5 percent, to 7.18 liras. The central bank’s efforts to curb lending are working, CEO Ergun Ozen told CNBC-e television in an interview from Davos today.
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