Turkey’s benchmark ISE National 100 Index fell 1,320.48, or 2.4 percent, to 54,054.80 at the 5:30 p.m. close in Istanbul, its biggest drop in two weeks.
The following stocks were active. Symbols are in parentheses.
Celebi Hava Servisi AS (CLEBI TI), an airport handler, plunged 1.65 liras, or 7.6 percent, to 20.15 liras after saying its parent company Celebi Havacilik Holding AS and Abraaj Investment Management Ltd. agreed to terminate talks over the sale of the holding’s 22.6 percent stake in the handler.
Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO TI), a real estate developer, gained for a fourth day, adding 10 kurus, or 1.5 percent, to 6.68 liras. The company will invest about 160 million liras ($91 million) in a project on the grounds of Yildiz Technical University in Istanbul and aims to invest a total of 600 million liras in the medium term to meet its goal of ranking in the top five listed developers in the country, Hurriyet newspaper said citing general manager Musa Aykac.
Vestel Beyaz Esya Sanayi & Ticaret AS (VESBE TI), a household appliances maker owned by Zorlu Holding AS, surged the most in more than a year, gaining 13 kurus, or 6.3 percent, to 2.20 liras after Hurriyet reported the company bought the Servis, Electra, Atlantic and New Pool home appliance brands from Italy’s Antonio Merloni SpA.