Turkey’s benchmark ISE National 100 Index rose for a second day, gaining 599.94, or 1 percent, to 61,716.68 at the 5:30 p.m. close in Istanbul, paring losses in the week to 3.1 percent.
The following stocks were active. Stock symbols are in parentheses.
Acibadem Saglik Hizmetleri & Ticaret AS (ACIBD TI), a hospital chain, jumped 1.9 liras, or 9.3 percent, to 22.45 liras. United Arab Emirates-based Abraaj Capital Ltd. hired Bank of America Merrill Lynch and Goldman Sachs Group Inc. to find buyers for its stake in the company, according to people familiar with the sale process who declined to be identified.
Akbank TAS (AKBNK TI), the bank part-owned by Citigroup Inc., gained 16 kurus, or 2.2 percent, to 7.48 liras. Turkey needs to take steps to narrow the current-account gap and “clarify the situation” for investors who are “confused” and withdrawing capital from the country, Chief Executive Officer Ziya Akkurt said.
Turk DemirDokum Fabrikalari AS (TUDDF TI), a heating and air conditioner manufacturer owned by German Vaillant GmbH & Co., gained 45 kurus, or 2.5 percent, to 18.20 liras, its highest close since September. DemirDokum began exporting solar panels to Vaillant this year, Hurriyet newspaper quoted sales director Erdem Ertuna as saying.
Turk Tuborg Bira & Malt Sanayii AS (TBORG TI), a brewer owned by CBC Group, jumped 34 kurus, or 7.3 percent, to 4.87 liras, the highest in almost nine years. The company signed an agreement to import Anheuser-Busch InBev NV’s Leffe and Hoegaarden brands to Turkey, Tuborg said in a statement to the Istanbul Stock Exchange today.