Is GYO, Park Elektrik, Sinpas: 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 101.46, or 0.2 percent, to 68,194.72 yesterday.

Is Gayrimenkul Yatirim Ortakligi AS (ISGYO TI): The Turkish property developer started talks with Kayi Holding AS to explore opportunities for investment in Russia, including in hotels, according to a filing with the bourse after the close yesterday. Is GYO gained 1 kurus, or 0.6 percent, to 1.8 liras.

Park Elektrik Uretim Madencilik Sanayi & Ticaret AS (PRKME TI): The Turkish power generator and miner’s parent company Park Holding AS got approval from Turkey’s privatization board to buy the southern power grid Akdeniz Elektrik Dagitim AS for $1.16 billion, according to a decision published in the Official Gazette today. Park Elektrik was unchanged at 4.22 liras.

Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO TI): The Turkish housing developer pre-sold 75 percent of the apartments in the Ottomare Suites project in Istanbul with partner Barwa, Milliyet newspaper reported. Sinpas GYO was unchanged at 2.13 liras.

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