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Turkish Stocks: Akenerji, Karsan, Park Elektrik, Turcas Move

Dec. 1 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index fell 1.3 percent to 53,806.64 at the close in Istanbul, trimming this week’s gains to 5.4 percent.

The following stocks were active. Stock symbols are in parentheses.

Akenerji Elektrik Uretim AS (AKENR TI), the utility put up for sale by owners CEZ AS of the Czech Republic and Akkok Group of Turkey, surged 6.2 percent to 2.22 liras after Energy Minister Taner Yildiz said Turkey will see a “serious investment” in the energy sector in coming days.

Park Elektrik Uretim Madencilik Sanayi & Ticaret AS (PRKME TI), the power producer owned by Ciner Holding, gained 3.1 percent to 3.72 liras, while the index of Turkish electricity producers added 3.2 percent, its biggest gain since August.

Karsan Otomotiv Sanayii & Ticaret AS (KARSN TI), runner-up in its bid to provide taxicabs for New York City, jumped 8.7 percent to 1.25 liras after Hurriyet reported New York’s Committee for Taxi Safety filed a complaint against the city’s decision to award the contract to Nissan Motor Co.

Turcas Petrol AS (TRCAS TI), an energy company, gained 2.2 percent to 2.34 liras after Chairman Erdal Aksoy said the company was in talks with Russia’s OAO Gazprom on supplying gas and power to Turcas.

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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