Bloomberg News

Turkey Stocks: Is Yatirim Ortakligi, TSKB Yatirim, Turkish Air

December 15, 2011

Dec. 15 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index rose 1.1 percent to 51,886.47 at the 5:30 p.m. close in Istanbul, cutting this week’s decline to 3.6 percent.

The following stocks were active on the Turkish stock market today. Stock symbols are in parentheses.

Is Yatirim Ortakligi AS (ISYAT TI), an investment trust, surged 9 percent to 97 kurus, the biggest gain since April 2008. The trust will merge with investment management firm TSKB Yatirim Ortakligi AS (TSKYO TI), the two companies said in statements to the Istanbul Stock Exchange after the market closed yesterday.

TSKB Yatirim surged 22 percent to 82 kurus, gaining the most since at least October 2001.

Is Yatirim Menkul Degerler AS (ISMEN TI), part-owner of Is Yatirim Ortakligi, rose 2.2 percent to 1.37 liras, the strongest increase since Dec. 2.

Logo Yazilim Sanayi & Ticaret AS (LOGO TI), a software company, gained 2 percent to 1.57 liras, rising the most since Nov. 28, after saying it bought a 60 percent stake in WorldBi Yazilim Sanayi & Ticaret AS, which develops business intelligence software.

Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO TI), a Turkish real-estate developer, fell 2 percent to 96 kurus, bringing losses in the past six days to 17 percent. The company sold 1,259 housing units and handed over 1,513 units to their owners, including previously sold ones, between Jan. 1 and Dec. 13, it said in a statement to the bourse after the close yesterday.

Turk Hava Yollari AO (THYAO TI), the carrier known as Turkish Airlines, climbed 1.9 percent to 2.20 liras, the biggest gain this month. The company aims to raise passenger numbers to 38 million and sales to $7.8 billion next year, Chief Executive Officer Temel Kotil said in an interview with state-run Anatolia news agency today.

--Editors: Peter Branton, Ash Kumar

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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