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Turkey Stocks: Torunlar, Garanti Shares Are Active in Istanbul

Sept. 7 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index rose 218.44, or 0.4 percent, to 55,238.22 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses.

Torunlar Gayrimenkul Yatirim Ortakligi AS (TRGYO TI), a real estate investment company, added 19 kurus, or 3.8 percent, to 5.20 liras, its highest in more than a month. The company was rated new “overweight” at HSBC Holdings Plc by equity analyst Levent Bayar with a price estimate of 7.40 liras per share.

Turkiye Garanti Bankasi AS (GARAN TI), the largest listed Turkish bank by market value, rose for a second day, adding 0.6 percent to 6.44 liras. Turkish lenders are on a relatively “strong footing” compared with banks in Europe, the Middle East and Africa, and Garanti is among the most-preferred of the banks, ING Groep NV said in a report today.

To contact the reporter on this story: Benjamin Harvey in Istanbul at

To contact the editor responsible for this story: Gavin Serkin at

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