Turkey Stocks Movers: Aselsan Elektronik, Dogus Otomotiv
The following stocks were active. Stock symbols are in parentheses.
Aselsan Elektronik Sanayi & Ticaret AS (ASELS) , a Turkish defense contractor, fell 4 percent, the biggest drop in three months, to 9.14 liras, after reporting a 29 percent decline in 2011 profit, missing estimates. Full-year net income fell to 160.8 million liras ($90 million) from 226.9 million liras in 2010, Aselsan said in a statement to the Istanbul Stock Exchange after the market closed yesterday. The company was expected to report a profit of 231.3 million liras, according to the average of six analyst estimates compiled by Bloomberg.
Dogus Otomotiv Servis & Ticaret AS (DOAS) , the Turkish importer of Volkswagen AG cars, rose 2.8 percent to 4.37 liras, the highest level since September. Dogus will pay a gross dividend of 100 million liras ($56 million), or 0.45 lira a share, from 2011 profit, it said in a statement to the Istanbul Stock Exchange after the market closed yesterday.
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