July 11 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index fell the most in almost three weeks, losing 686.68, or 1.1 percent, to 62,909.49 at the 5:30 p.m. close in Istanbul.
The following stocks were active. Symbols are in parentheses.
Gozde Finansal Hizmetler AS (GOZFN TI), the financial services company owned by Yildiz Holding, jumped 53 kurus, or 15 percent, to 3.99 liras, a record high. Gozde had dropped 7.1 percent on June 8 after Yildiz registered shares in the company for sale. The shares were listed for procedural reasons and Yildiz has no plans to sell them, it said in a statement over the weekend.
Trabzonspor Sportif Yatirim & Futbol Isletmeciligi TAS (TSPOR TI), the second-place finisher in last year’s Turkish soccer league, plunged the most in more than a year, retreating 3.15 liras, or 15 percent, to 17.85 liras. Sadri Sener, chairman of the club, was detained in a probe into a match-fixing scandal, state-run Anatolia news agency reported today.
Turkiye Garanti Bankasi AS (GARAN TI), Turkey’s biggest lender by market capitalization, lost 16 kurus, or 2.1 percent, to 7.38 liras. Turkey’s ballooning current-account deficit more than doubled to $7.8 billion in May from a year earlier, the central bank said in a statement on its website today. The central bank says it wants to control the deficit by attacking Turkey’s domestic lending boom.
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