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Turkey Stocks: Alarko, Derimod, Dogan, Ihlas, Migros, Turcas

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Nov. 11 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index gained 1.2 percent to 56,201.45 at the close in Istanbul, erasing yesterday’s 1.1 percent loss. The market was closed for a holiday the first three days of the week.

The following stocks were active.

Alarko Holding AS (ALARK TI), a builder, gained 1.6 percent to 3.25 liras after it reported third-quarter profit rose to 42.4 million liras ($23.8 million) from 40.5 million liras a year earlier.

Derimod Konfeksiyon Ayakkabi Deri Sanayi & Ticaret AS (DERIM TI), a leather goods maker, jumped 3.4 percent to 4.26 liras after a report in Sabah newspaper that it was looking to buy an Italian chain of as many as 30 shops.

Dogan Sirketler Grubu Holdings AS (DOHOL TI), a group of companies with interests in media and energy, fell 1.6 percent to 61 kurus after it said third-quarter losses widened to 24.9 million liras from 1.91 million liras a year earlier.

Ihlas Holding AS (IHLAS TI), a group with interests in construction, healthcare, media and appliances, slumped 3.5 percent to 83 kurus, its biggest drop since August, after reporting a third-quarter loss of 44 million liras,compared with a profit of 10 million liras a year ago.

Migros Ticaret AS (MGROS TI), a supermarket chain, added 1 percent to 15.65 liras after saying it earned 91.3 million liras in the third quarter. The company was expected to earn 21 million liras, according to the average of nine analyst estimates on Bloomberg.

Turcas Petrol AS (TRCAS TI), an energy company, dropped for a second day, losing 2.1 percent to 2.80 liras, after reporting a loss in the third quarter of 3.35 million liras.

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

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