Bloomberg News

Turkish Stocks: Park Elektrik, Petkim, Tofas, Turkish Airlines

February 13, 2012

Feb. 13 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index climbed 2.1 percent to 60,557.48 at the close in Istanbul, rising the most in almost two weeks.

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

Otokar Otomotiv & Savunma Sanayi AS (OTKAR TI), a producer of minibuses, buses, jeeps and military vehicles, added 2.1 percent to 29.80 liras. Otokar profit last year was 54.8 million liras ($31 million), the company said in a filing today, beating market estimates.

Park Elektrik Uretim Madencilik Sanayi & Ticaret AS (PRKME TI), a miner and energy company, jumped 4.6 percent to 4.31 liras, its highest since May 9. The company extended its southeast Turkey mining license to 2037, it said in a filing with the exchange today.

Petkim Petrokimya Holding AS (PETKM TI), Turkey’s sole refiner, increased 3.2 percent to 2.24 liras. The State Oil Co. of Azerbaijan, which owns Petkim, will invest between $350 million and $400 million to build a container port for Petkim in western Turkey by 2014.

Tofas Turk Otomobil Fabrikasi AS (TOASO TI), a manufacturer of vehicles and parts under license from Fiat, gained 3.1 percent to 7.88 liras. ING Groep NV added the stock to its preferred list for the region.

Turk Hava Yollari AO (THYAO TI), or Turkish Airlines, increased 3.4 percent to 2.73 liras. Passenger numbers rose 22 percent in January from a year ago, it said in a statement to the exchange today.

--Editors: Ash Kumar, Peter Branton

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


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus