Turkish Cement Company Surges on Trump's Withdrawal From Syria
A man rides a motorcycle past destroyed buildings in the city of Daraa on Aug. 2, 2018.
Photographer: Mohamed Abazeed/AFP via Getty Images
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Turkish cement maker Mardin Cimento, located in the province of Mardin along the border with Syria, surged in Istanbul trading on Thursday after U.S. President Donald Trump announced his decision to withdraw U.S. forces from Syria.
Mardin Cimento rose 14 percent to 3.2 liras at 4:31 p.m. in Istanbul, in its biggest gain since September 2016. Trading volume was about 20 times the 20-day intraday average.