Turkish Stocks: Park Elektrik, Petkim, Tofas, Turkish Airlines
The following were among the active equities in the Turkish market today. Stock symbols are in parentheses.
Otokar Otomotiv & Savunma Sanayi AS (OTKAR TI), a producer of minibuses, buses, jeeps and military vehicles, added 2.1 percent to 29.80 liras. Otokar profit last year was 54.8 million liras ($31 million), the company said in a filing today, beating market estimates.
Park Elektrik Uretim Madencilik Sanayi & Ticaret AS (PRKME TI), a miner and energy company, jumped 4.6 percent to 4.31 liras, its highest since May 9. The company extended its southeast Turkey mining license to 2037, it said in a filing with the exchange today.
Petkim Petrokimya Holding AS (PETKM) , Turkey’s sole refiner, increased 3.2 percent to 2.24 liras. The State Oil Co. of Azerbaijan, which owns Petkim, will invest between $350 million and $400 million to build a container port for Petkim in western Turkey by 2014.
Tofas Turk Otomobil Fabrikasi AS (TOASO) , a manufacturer of vehicles and parts under license from Fiat, gained 3.1 percent to 7.88 liras. ING Groep NV (INGA) added the stock to its preferred list for the region.
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