Alarko, Arcelik, Koc, Vestel Beyaz: Turkey Stocks Preview
The following stocks may be active in the Turkish market. Symbols are in parentheses and prices are from the last close.
Istanbul’s benchmark ISE National 100 Index (XU100) fell 61.19, or 0.1 percent, to 60,827.89 yesterday.
Alarko Holding AS (ALARK) : The builder and energy company’s unit Alsim Alarko Sanayi Tesisleri & Ticaret AS signed a $476.7 million contract for work abroad and will begin the first phase, Alarko said in a statement to the exchange, without giving further details on the project. The shares were unchanged at 3.15 liras.
Arcelik AS (ARCLK) : Turkish white goods sales are up 21 percent in the first eight months of 2011 and may reach more than 6 million units, Haberturk reported, citing figures from the white goods association. Shares of Turkey’s largest household appliance maker rose 4 kurus, or 0.6 percent, to 7.18 liras.
Vestel Beyaz Esya Sanayi & Ticaret AS (VESBE TI): Shares of the household goods maker owned by Zorlu Holding AS rose 1 kurus, or 0.5 percent, to 2.20 liras.
Koc Holding AS (KCHOL) : Turkey’s largest industrial group will invest $200 million in its retail chain Koctas to double the number of stores over the next five years, according to a report in Sabah newspaper. The shares fell 2 kurus, or 0.3 percent, to 7.28 liras.
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