Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Turkey Stocks: Alarko, Fenerbahce, Koc, Trabzonspor, Ulker

Aug. 26 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index rose 739.89, or 1.4 percent, to 53,707.56 at the 5:30 p.m. close in Istanbul, advancing 1.2 percent this week, the second week of gains.

The following stocks were active. Symbols are in parentheses.

Alarko Holding AS (ALARK TI), a group of companies with interests in energy, tourism and construction, jumped 10 kurus, or 3.6 percent, to 2.87 liras after saying second-quarter profit was 46.4 million liras ($26 million), up from 7.15 million in the same period last year. The gain was its biggest since October 2010.

Fenerbahce Sportif Hizmetler Sanayi & Ticaret AS (FENER TI), the merchandising arm of the Istanbul soccer first league champion, fell as much as 10 percent, before ending the day down 30 kurus, or 0.8 percent, at 39 liras. The soccer club said it will request relegation to the second division today after being blocked by the league from competing in the UEFA Champions League.

Trabzonspor Sportif Yatirim & Futbol Isletmeciligi TAS (TSPOR TI), runner-up behind Fenerbahce in the Turkish soccer league last year, jumped 2.9 liras, or 18 percent, to 19.10 liras as volume was more than triple the daily average in the past three months. The stock rallied 22 percent yesterday after team was selected to take Fenerbahce’s place in the Champions League by UEFA’s emergency panel.

Koc Holding AS (KCHOL TI), Turkey’s biggest group of companies, jumped 24 kurus, or 4.1 percent, to 6.04 liras, the biggest gain since April. Second-quarter profit rose to 557.2 million liras from 406.9 million liras in the same period last year.

Ulker Biskuvi Sanayi AS (ULKER TI), a Turkish sweets maker, gained 8 kurus, or 1.5 percent, to 5.32 liras after saying it would buy 91.7 percent of chocolate maker Ulker Cikolata Sanayi AS from the group’s parent company Yildiz Holding for 900 million liras next month.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.