Bloomberg News

Turkey Stocks: Kiler Gida, Dogan Yayin Move in Istanbul

April 09, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell 0.2 percent to 60,813.25 at the close in Istanbul, declining for a fourth day to the lowest since March 13.

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

Kiler Alisveris Hizmetleri Gida Sanayi & Ticaret AS (KILER) , a discount retailer, added 3.5 percent to 3.58 liras, closing at its highest since Oct. 31, after Haberturk newspaper reported owner Kiler Holding AS may offer a stake in the company for sale.

Dogan Yayin Holding AS (DYHOL) , Turkey’s largest listed media group, fell 1.2 percent to 82 kurus after reporting a 2011 loss of 1.2 billion liras ($667 million). Ekspres Invest downgraded the shares to marketperform, the equivalent of hold, saying although the company was likely to turn a profit this year for the first time since 2007, the stock’s 64 percent gain on the year gives limited room for any upside.

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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