Turkish Stocks: Koc Holding, Halkbank, Isbank, Turk Traktor
The following stocks were active. Stock symbols are in parentheses.
Koc Holding AS (KCHOL) , Turkey’s largest group of companies whose revenue accounts for about 6 percent of gross domestic product, added 0.8 percent to 7.22 liras. Sales grew 38 percent in 2011, excluding its share in bank Yapi & Kredi Bankasi AS, Hurriyet newspaper reported, citing Chief Executive Officer Turgay Durak.
Turkiye Halk Bankasi AS (HALKB) , a state-run bank, rose 2.1 percent to 12.30 liras after reporting 2011 net income of 2.05 billion liras ($1.2 billion) in a preliminary tax filing, beating the 2.01 billion-lira average estimate of 30 analysts compiled by Bloomberg.
Turkiye Is Bankasi AS (ISATR) , a Turkish bank, jumped 2.3 percent to 4.07 liras after reporting fourth-quarter profit surged 43 percent to 864.2 million liras, exceeding the highest estimate in a Bloomberg survey of 14 analysts by more than 200 million liras.
Turk Traktor & Ziraat Makineleri AS (TTRAK TI), a producer of tractors and farm equipment, fell 1.3 percent to 38.50 liras. The company reported a fourth-quarter profit of 232.8 million liras, which missed the average estimate of 289.4 million liras in a Bloomberg survey of 13 analysts.
Turk Telekomunikasyon AS (TTKOM) , Turkey’s largest phone company, slipped 3.1 percent to 7.56 liras, its biggest loss in almost three months. Saudi Oger Ltd., a construction and telecommunications company, has received bids for its Oger Telecom Ltd. unit, the majority owner of Turk Telekom, Milliyet reported, citing Vice Chairman Mohammed Hariri.
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