Turkey’s benchmark ISE National 100 Index dropped 1.1 percent to 55,540.67 at the close in Istanbul. Of the 100 shares on the index, 69 fell, 21 gained and 10 were unchanged. Trading resumed after a three-day holiday.
The following stocks were active.
Bagfas Bandirma Gubre Fabrikalari AS (BAGFS TI), a fertilizer producer, jumped 5.3 percent to 168.50 liras, the biggest gain in more than two months, after reporting third-quarter profit rose to 22.6 million liras ($12.7 million) from 5.94 million liras a year earlier.
Dogan Yayin Holding AS (DYHOL TI), Turkey’s largest media group, dropped 1.6 percent to 62 kurus after it reported a third-quarter loss of 233.7 million liras, compared with a 16.4 million lira profit in the same period a year earlier.
Koc Holding AS (KCHOL TI), Turkey’s largest group of companies, dropped 2.6 percent to 6.08 liras. The holding company reported third-quarter profit fell to 498.4 million liras from 659.1 million liras in the same period last year.
Turkiye Is Bankasi AS (ISCTR TI), Turkey’s largest listed bank by assets, dropped 3.1 percent to 4.01 liras, leading declines on the index. The company’s third-quarter profit was 327.4 million liras, it said Nov. 4. Isbank was expected to earn 367.6 million liras, according to the average estimate of 12 analysts compiled by Bloomberg.
Tekfen Holding AS (TKFEN TI), a builder, gained 1.4 percent to 5.92 liras after it reported third-quarter income of 53.9 million liras, better than the 34.3 million liras average estimate of 10 analysts on Bloomberg.
Zorlu Enerji Elektrik Uretim AS (ZOREN TI), an energy company, dropped 2.3 percent to 1.69 liras, its lowest since Sept. 14. The company reported a third-quarter loss of 172 million liras, compared with a profit of 64 million liras in the same quarter last year.