Erdemir Drops Most in 3 Weeks as Chairman Quits: Istanbul Mover
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Eregli Demir ve Celik Fabrikalari TAS declined the most in more than three weeks after the chairman of Turkey’s biggest steelmaker resigned.
Shares of the company known as Erdemir fell 2.3 percent, the steepest drop since July 22, to 2.12 liras at the close in Istanbul. About 21.6 million shares traded, or 77 percent of the three-month average. The benchmark Borsa Istanbul National 100 index lost 2.1 percent in the first decrease this week.