Bloomberg News

Turkey Stocks: Aksa Akrilik, Aygaz, Indeks Bilgisayar, Koc Move

December 20, 2011

Dec. 20 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index rose 2.7 percent to 52,126.94 at the 5:30 p.m. close in Istanbul, the biggest increase this month.

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

Aksa Akrilik Kimya Sanayii AS (AKSA TI), a Turkish synthetic fiber maker, jumped 4.6 percent to 4.6 liras, taking gains in the last four days to 11.5 percent. Dow Chemical Co. and Aksa signed an agreement in Istanbul today to set up a joint venture to invest $1 billion in carbon fiber production within five years to expand Aksa’s existing plant.

Aygaz AS (AYGAZ TI), a Turkish distributor and retailer of liquefied petroleum gas, climbed 1.4 percent to 8.80 liras, gaining the most since Dec. 2. AES Entek Elektrik, a Turkish utility owned by AES Corp., Koc Holding AS (KCHOL TI) and its unit Aygaz, plan to build a 625 megawatts power plant in southern Iskenderun province with Turkey’s Oyak Group by 2016, according to an e-mailed statement today.

Koc Holding, Turkey’s biggest group of companies, advanced 3.9 percent to 5.84 liras, the biggest increase this month.

Indeks Bilgisayar Sistemleri Muhendislik Sanayi & Ticaret AS (INDES TI), an importer and distributor of computers and related products, rose 4.1 percent to 2.29 liras, after saying it will be the sole distributor of Microsoft Corp.’s Office 365 products in Turkey, in a filing with the bourse.

--Editors: Ash Kumar, Tim Farrand

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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