Bloomberg News

Turkey Stocks: AFM Uluslararasi Film, Aksa Enerji, Turkcell Move

April 03, 2012

Turkey’s benchmark ISE National 100 Index (XU100) added 0.5 percent to 63,284.54 at 5:30 p.m. in Istanbul, the highest level since July 2011.

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

AFM Uluslararasi Film Produksiyon & San AS (AFMAS) , a chain of cinemas, dropped 1.8 percent to 13.50 liras, declining for the first day in three, after it said a ruling by the competition regulator would lead it to sell six of its cinemas, including four in Istanbul.

Aksa Enerji Uretim AS (AKSEN) , a utility, fell 3.8 percent to 3.77 liras, dropping for a second day. Turkey may raise natural gas prices by another 15 percent, following an 18.7 percent increase on April 1, to stem losses at the state- run provider Botas, Haberturk newspaper reported, citing unidentified Energy Ministry officials.

Turkcell Iletisim Hizmetleri AS (TCELL) , Turkey’s largest mobile phone carrier, fell for a fifth day, losing 0.7 percent to 8.98 liras after saying a majority-owned unit failed to pay a $150 million loan, leaving Turkcell liable as the sole guarantor for payment by April 6.

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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