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Denizbank, Enka Insaat, Turkcell: Turkey Equity Market Preview

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Feb. 24 (Bloomberg) -- 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 fell 1,527.08, or 2.4 percent, to a five-month low of 63,131.68 yesterday.

Denizbank AS (DENIZ TI): The Turkish unit of Belgium’s Dexia SA will apply to regulators to sell as much as 2 billion liras ($1.2 billion) of bonds with different maturities, it said in a statement to the Istanbul Stock Exchange after the market closed yesterday. Denizbank declined 15 kurus, or 1.4 percent, to 10.95 liras.

Enka Insaat ve Sanayi AS (ENKAI TI): The Turkish construction company signed a $1.8 billion contract with partners in Oman to build a terminal at Muscat International Airport. Enka has 38.4 percent share in the project to be completed in 38 months, it said in a filing with the bourse after the close yesterday. Enka Insaat dropped 18 kurus, or 3.2 percent, to 5.44 liras.

Turkcell Iletisim Hizmetleri AS (TCELL TI): Turkey’s biggest mobile-phone company said fourth-quarter profit rose 46 percent to 368.1 million liras, aided by a drop in charges and provisions, according to a PRNewswire statement yesterday. The profit missed an average estimate of 442.6 million liras in a Bloomberg survey. Turkcell fell 10 kurus, or 1 percent, to 10.15 liras.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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