Turkish Stocks: Akcansa, Boyner, CarrefourSA, Nurol GYO Advance
Turkey’s benchmark ISE National 100 Index (XU100) rose 0.1 percent to 59,737.53 at the close in Istanbul, parings its loss for the week to 2.3 percent.
The following stocks were active. Stock symbols are in parentheses.
Akcansa Cimento Sanayi & Ticaret AS (AKCNS) , a Turkish cement maker, added 3.7 percent to 7.90 liras, its highest since last May. The company reported a 69 percent rise in 2011 profits to 100 million liras ($57 million), beating estimates.
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CARFA) , a grocery store chain, jumped 4.8 percent to 15.30 liras, its biggest gain this year, after owner Haci Omer Sabanci Holding AS (SAHOL) said it hired Rothschild to examine strategic options open to the chain.
Boyner Buyuk Magazacilik (BOYNR) AS, a department store chain, added 2.7 percent to 3.10 liras, its highest in more than four months, after saying it signed an agreement to buy a 63 percent stake in competitor Yeni Karamursel Giyim & Ihitiyac Maddeleri Pazarlama AS, also known as YKM. The price is expected at 190 million liras ($108 million), to be partially financed with bank loans, Boyner said in a statement to the exchange.
Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO) , a real estate development company, climbed 2.6 percent to 7.82 liras. Nurol plans to demolish the Hurriyet (HURGZ) Medya Towers it bought from Hurriyet Gazetecilik & Matbaacilik AS earlier this month and start a $330 million residential and office project on the site, according to an interview with chief executive Musa Aykac in Dunya newspaper.
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