Turkey Stocks: Alarko, Fenerbahce, Koc, Trabzonspor, Ulker
The following stocks were active. Symbols are in parentheses.
Alarko Holding AS (ALARK) , a group of companies with interests in energy, tourism and construction, jumped 10 kurus, or 3.6 percent, to 2.87 liras after saying second-quarter profit was 46.4 million liras ($26 million), up from 7.15 million in the same period last year. The gain was its biggest since October 2010.
Fenerbahce Sportif Hizmetler Sanayi & Ticaret AS (FENER TI), the merchandising arm of the Istanbul soccer first league champion, fell as much as 10 percent, before ending the day down 30 kurus, or 0.8 percent, at 39 liras. The soccer club said it will request relegation to the second division today after being blocked by the league from competing in the UEFA Champions League.
Trabzonspor Sportif Yatirim & Futbol Isletmeciligi TAS (TSPOR TI), runner-up behind Fenerbahce in the Turkish soccer league last year, jumped 2.9 liras, or 18 percent, to 19.10 liras as volume was more than triple the daily average in the past three months. The stock rallied 22 percent yesterday after team was selected to take Fenerbahce’s place in the Champions League by UEFA’s emergency panel.
Koc Holding AS (KCHOL) , Turkey’s biggest group of companies, jumped 24 kurus, or 4.1 percent, to 6.04 liras, the biggest gain since April. Second-quarter profit rose to 557.2 million liras from 406.9 million liras in the same period last year.
Ulker Biskuvi Sanayi AS (ULKER) , a Turkish sweets maker, gained 8 kurus, or 1.5 percent, to 5.32 liras after saying it would buy 91.7 percent of chocolate maker Ulker Cikolata Sanayi AS from the group’s parent company Yildiz Holding for 900 million liras next month.
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