Bloomberg News

Turkey Stocks: Koza Altin, Logo Yazilim, Sabanci Holding Move

November 30, 2011

Nov. 29 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index fell for the first day in three, losing 0.4 percent to 52,092.78 at the close in Istanbul.

The following stocks were active. Stock symbols are in parentheses.

Haci Omer Sabanci Holding AS (SAHOL TI), Turkey’s second- biggest group of companies, increased 0.7 percent to 5.54 liras, rising for a third day. The company plans to set up a 3.5 billion lira ($1.9 billion) jointly owned unit with Austria’s Verbund AG to run all of the partners’ energy ventures in Turkey.

Koza Altin Isletmeleri AS (KOZAL TI), a gold miner, added 5.5 percent to 26.70 liras after saying environmental challenges to its mine at Ovacik had been rejected in court.

Logo Yazilim Sanayi & Ticaret AS (LOGO TI), a software company, gained 1.2 percent to 1.67 liras after saying its purchase of Coretech Bilgi Teknolojisi Hizmetleri AS, which develops business management systems, had been completed.

--Editors: Linda Shen, Peter Branton

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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