Bloomberg News

Turkish Stocks: Enka, Ericom, Park Elektrik, Turkish Airlines

January 02, 2012

Jan. 2 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index gained 0.2 percent to 51,340.96 at the close in Istanbul. The measure dropped 22 percent last year, declining for the first time since 2008.

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

Enka Insaat & Sanayi AS (ENKAI TI), an Istanbul-based builder, jumped the most in almost two weeks, rising 3.2 percent to 4.23 liras. The company was added to the ISE National 30 Index, which tracks the 30 biggest Turkish stocks, in a change effective today.

Ericom Telekomunikasyon & Enerji Teknolojileri AS (ERICO TI), a supplier of energy storage systems, jumped the most since November, adding 3 percent to 4.16 liras. The company will design lithium batteries for cars produced by Tofas Turk Otomobil Fabrikasi AS, it said in a statement today.

Park Elektrik Uretim Madencilik Sanayi & Ticaret AS (PRKME TI), an electricity producer, rose 2 percent to 3.54 liras after its parent, Park Holding AS, received an extension from the state asset-sales agency to make a down-payment to purchase a power grid in Istanbul.

Turk Hava Yollari AO (THYAO TI), or Turkish Airlines, gained 1.4 percent to 2.15 liras, rising for the first time in five days, after the competition board concluded an investigation into alleged violations of competition rules, saying the allegations were groundless.

--Editors: Wojciech Moskwa, Stephen Kirkland.

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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