Polisan Rises to Highest in a Month on Unit’s Foreign License
Polisan Holding AS (POLHO), a Turkish maker of paints and dyes, rose to its highest in almost a month after saying its chemicals unit started talks with foreign companies for a license.
The stock added 1.4 percent to 2.24 liras at 11:40 a.m. in Istanbul after advancing as much as 2.3 percent earlier, poised for its strongest level on a closing basis since the shares began trading on May 25 after an initial public offering.
The unit, which is seeking a license to produce expandable polystyrene, is also looking for cooperation in engineering work for the new product, Polisan said in a statement to the Istanbul Stock Exchange today.
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