Galatasaray, TSKB: Turkey Equity Market Preview

The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.

Turkey’s benchmark ISE National 100 index rose 315.48, or 0.5 percent, to 65,569.61 yesterday.

Galatasaray Sportif Sinai & Ticari Yatirimlar AS (GSRAY TI): The merchandising company of super league soccer club Galatasaray, signed a five-year sponsorship contract with Nike Inc., starting from the 2011-2012 season, according to a statement to the Istanbul Stock Exchange after the market closed yesterday. Galatasaray climbed 7 liras, or 2.1 percent, to 342 liras.

Turkiye Sinai Kalkinma Bankasi AS (TSKB TI): The Turkish investment and development bank’s 2010 profit rose 21 percent to 211.6 million liras ($133 million), it said in a statement to the Istanbul Stock Exchange after markets closed yesterday. The bank was expected to earn 214.2 million liras, according to the average estimate of 13 analysts in a Bloomberg survey. TSKB rose 12 kurus, or 4.4 percent, to 2.87 liras.

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