Bloomberg News

Turkish Stocks: Global Yatirim, Garanti Move in Istanbul

December 29, 2011

Dec. 29 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index rose 1 percent to 52,053.62 at the 5:30 p.m. close in Istanbul.

The following are among the active equities on the Turkish market today. Stock symbols are in parentheses.

Global Yatirim Holding AS (GLYHO TI), a Turkish group with interests in energy, port operations and finance, rose 6.4 percent to 1.17 liras, the highest level in almost three months. Global Yatirim signed an accord with China National Electric Engineering Co., Ltd. to build a 270-megawatts thermal power plant at Sirnak in southeast Turkey. China National will get a 10 percent stake in Global’s unit Galata Enerji which plans to complete the plant in 30 months from the first quarter of 2012, Global Yatirim said in a statement to the bourse after the close yesterday.

Turkiye Garanti Bankasi AS (GARAN TI), the biggest listed bank, climbed 1.7 percent to 6 liras. The central bank provided more funding to banks in an auction of one-week repo today, lending 15 billion liras at 10.6 percent average annual interest.

--Editors: Ash Kumar, Mark Bentley

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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