March 23 (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 rose 658.90, or 1 percent, to 64,874.57 yesterday.
Enka Insaat & Sanayi AS (ENKAI TI): Turkey’s biggest builder said net income last year rose to 818.8 million liras ($524 million) from 816.1 million liras in 2009, according to a statement to the Istanbul Stock Exchange after the market closed yesterday. The company was expected to earn 799.9 million liras, according to the average estimate of 15 analysts questioned by Bloomberg. Enka Insaat advanced 12 kurus, or 2.1 percent, to 5.72 liras.
Turkiye Garanti Bankasi AS (GARAN TI): Banco Bilbao Vizcaya Argentaria SA completed its purchase of a 24.89 percent stake in the Turkish bank, BBVA said in a filing to the exchange late yesterday. BBVA agreed to buy a 6.29 percent Garanti stake from Dogus Holding AS for $2.06 billion and an 18.6 percent from General Electric Co. for $3.78 billion. Garanti gained 8 kurus, or 1.1 percent, to 7.60 liras.
Koc Holding AS (KCHOL TI): Turkey’s biggest group of companies was rated “buy” in new coverage at Erste Group, with a 12-month price estimate of 8.80 liras, according to an e-mailed report today. Koc Holding rose 4 kurus, or 0.6 percent, to 7.16 liras.
Petrol Ofisi AS (PTOFS TI): Turkey’s biggest fuel retailer said its owner OMV AG will apply to the Istanbul Stock Exchange and Turkey’s market regulator today to delist Petrol Ofisi’s 3.02 percent publicly traded shares, according to a statement to the bourse after the market closed yesterday. Petrol Ofisi fell 26 kurus, or 2.7 percent, to 9.30 liras.
To contact the reporter on this story: Aydan Eksin in Istanbul at email@example.com
To contact the editor responsible for this story: Shaji Mathew at firstname.lastname@example.org