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Turkey Stocks: Dogan Gazete, Hurriyet, Sisecam, Torunlar, Vanet

Aug. 24 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index added 643.61, or 1.2 percent, to 53,055.09 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses.

Dogan Gazetecilik AS (DGZTE TI), a newspaper and magazine publisher, rose 6 kurus, or 3.2 percent, to 1.91 liras, gaining for a fourth day. The company said second-quarter profit was 16.5 million liras ($9 million), up from 1.59 million liras in the same period last year.

Hurriyet Gazetecilik & Matbaacilik AS (HURGZ TI), the publisher of Hurriyet newspaper, dropped 2 kurus, or 2.1 percent, to 93 kurus. Hurriyet reported a second-quarter loss of 2.49 million liras from a profit of 5.18 million liras a year earlier, bigger than the 500,000 lira loss forecast in the average of six analyst estimates on Bloomberg.

Nuh Cimento Sanayi AS (NUHCM TI), a cement maker, gained 22 kurus, or 2.3 percent, to 9.64 liras, the highest in a week, after saying it started feasibility studies to increase its cement and clinker capacity by almost 50 percent.

Torunlar Gayrimenkul Yatirim Ortakligi AS (TRGYO TI) jumped 24 kurus, or 5 percent, to 5.05 liras, the highest since Aug. 4. The real-estate and construction company has 600 million liras of cash and has no need for financing, chairman Aziz Torun said at a news conference in Istanbul today.

Turkiye Sise & Cam Fabrikalari AS (SISE TI), Turkey’s biggest glassmaker, added 10 kurus, or 3.2 percent, to 3.21 liras, snapping two days of declines. The company is considering an initial public offering in its glassware unit Pasabahce Cam Sanayii AS and studying options for selling Pasabahce’s 117,000 square meters (1.3 million square feet) of land in Istanbul, Chief Executive Officer Ahmet Kirman said.

Vanet Gida Sanayi Ic & Dis Ticaret AS (VANGD TI), a meat producer, surged as much as 10 percent to 2.23 liras before closing unchanged at 2.02 liras in its first day of trading on the exchange after its initial public offering.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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