Bloomberg News

Turkish Stocks: Gunes Sigorta, Sekerbank, Yapi Kredi Were Active

January 12, 2012

Jan. 12 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index gained for a third day, adding 1.5 percent to 52,154.27 at the close in Istanbul.

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

Gunes Sigorta AS (GUSGR TI), an insurer, gained 2.2 percent to 1.86 liras, its highest since Dec. 21, after it signed an agreement to provide coverage to Turk Hava Yollari AO, or Turkish Airlines, for four years. The contract covers nearly 200 planes, an average 2.7 million passengers per month and 16,000 employees, Turkish Airlines said in a statement today.

Sekerbank TAS (SKBNK TI), a Turkish bank, jumped 6.8 percent to 94 kurus after BTA Bank JSC of Kazakhstan said it expects to complete an agreement “very soon” to sell its 34 percent stake for $166 million to Kazakhstan’s national wealth fund Samruk-Kazyna, according to a presentation on the BTA website.

Yapi & Kredi Bankasi AS (YKBNK TI), the bank owned by Koc Holding AS and UniCredit SpA, added 2.6 percent to 2.75 liras, gaining for a third day. UniCredit added 12 percent in Italian trading today, paring its losses this year to 32 percent.

--Editors: Peter Branton, Gavin Serkin

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


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus