Bloomberg News

Turkey Stocks: Avod, Kiler, Migros, Tekfen, Turk Traktor Move

April 10, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell 1.4 percent to 59,987.73 at the close in Istanbul, declining for a fifth day, its longest losing streak since November.

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

Avod Kurtulmus Gida & Tarim Urunleri Sanayi Ticaret AS (AVOD) , a producer of dried vegetables, surged 12 percent to 2.98 liras after announcing it was planning an initial public offering for unit Hasat Bno Grup Gida.

Kiler Alisveris Hizmetleri Gida Sanayi & Ticaret AS (KILER) , a discount supermarket chain, plunged 7 percent to 3.33 liras after reporting a loss of 13 million liras ($7.2 million) for 2011 and as parent Kiler Holding AS denied a report published in Haberturk newspaper yesterday that it may put the unit up for sale.

Migros Ticaret AS (MGROS) , a supermarket chain, fell the most in three months, dropping 3.4 percent to 16.95 liras after reporting a loss of 163.2 million liras for 2011.

Tekfen Holding AS (TKFEN) , a builder, rose 3.5 percent to 6.46 liras after saying it was invited to sign a contract for a $592-million roads project in Qatar.

Turk Traktor & Ziraat Makineleri AS (TTRAK) , a tractor and farm equipment manufacturer, fell 2.1 percent to 32.70 liras after UniCredit SpA initiated its coverage of the company with a sell.

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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