Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Turkish Stocks: Bank Asya, Torunlar, Turkish Airlines Move

March 29 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index retreated 0.4 percent to 61,544.94 at the close in Istanbul, falling for a third day and paring its gain this year to 20 percent.

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

Asya Katilim Bankasi AS (ASYAB TI), an Islamic lender also known as Bank Asya, fell 1 percent to 1.93 liras. Turkey’s revenue-linked bonds were deemed to break Islamic law barring earnings from interest by a leading professor who advises the country’s Islamic banks, Vatan reported. The Treasury has sold about 1 billion liras of such debt and Islamic lenders have requested the Treasury swap the fixed income instrument for other paper, Vatan said citing Osman Akyuz, head of a group representing the banks.

Albaraka Turk Katilim Bankasi AS (ALBRK TI), another Islamic bank, fell 1 percent to 2.01 liras.

Torunlar Gayrimenkul Yatirim Ortakligi AS (TRGYO TI), a real estate company, added 3 percent to 5.46 liras after winning a government land sale auction. Torunlar submitted the highest bid of 355 million liras ($199 million) to buy about 72,000 square meters and received 49-year rights to use 3,935 square meters of docks along the Bosphorus in Istanbul’s Beykoz district, Ibrahim Kirsan, deputy head of the state asset sales agency, said today.

Turk Hava Yollari AO (THYAO TI), Turkey’s national airline, declined 1.2 percent to 2.56 liras. The company will lose about 10 percent of its revenue from the Middle East, or 100 million liras, as a result of its decision to halt flights to Syria from April 1, according to Haberturk newspaper.

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

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.