Sept. 29 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index rose for a fourth day, adding 769.72, or 1.3 percent, to 59,758.18 at the 5:30 p.m. close in Istanbul, paring the loss this quarter to 5.6 percent.
The following stocks were active. Symbols are in parentheses.
Aksa Enerji Uretim AS (AKSEN TI), a power plant operator, gained the most since Sept. 8, adding 9 kurus, or 3.2 percent, to 2.94 liras. The company, which was to pay a deposit to buy the Bogazici power grid in Istanbul for which it bid $2.75 billion, asked the state asset sales agency for an extension, according to CNBC-e television.
Dogus Otomotiv Servis & Ticaret AS (DOAS TI), the distributor of Volkswagen cars in Turkey, dropped 3 kurus, or 0.7 percent, to 4.25 liras. The company was cut to “market perform” from “outperform” at Standard Unlu, which said the business was vulnerable to a weaker lira.
Logo Yazilim Sanayi & Ticaret AS (LOGO TI), a software developer, gained 6 kurus, or 3.2 percent, to 1.92 liras, its highest since Aug. 4, after saying it signed a non-binding agreement to acquire Coretech Bilgi Teknolojisi Hizmetleri AS, a developer of business management systems, for an undisclosed price.
TAV Havalimanlari Holding AS (TAVHL TI), an airport operator, jumped 22 kurus, or 3.1 percent, to 7.32 liras. Akfen Holding AS (AKFEN TI) and Tepe Insaat Sanayi AS, which together own 52 percent of TAV, hired Credit Suisse Group AG to assess strategic options for TAV including a possible sale, Akfen said in a statement to the exchange after the close yesterday.
Akfen shares gained 18 kurus, or 1.9 percent, to 9.48 liras, their biggest jump in almost two weeks.
Akbank TAS (AKBNK TI), the bank owned by Haci Omer Sabanci Holding AS and Citigroup Inc., led gains among banks amid speculation Turkey may be in line for another ratings upgrade, jumping 30 kurus, or 4.3 percent, to 7.34 liras, the most since Sept. 20, when Standard & Poor’s upgraded Turkey’s local currency debt to investment grade.
Yapi & Kredi Bankasi AS (YKBNK TI), the bank owned by UniCredit SpA and Koc Holding AS, surged 16 kurus, or 4.1 percent, to 4.04 liras.
To contact the reporter on this story: Benjamin Harvey in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com