Bloomberg News

Turkish Stocks: Anadolu Isuzu, Denizbank, Vestel Elektronik Move

April 11, 2012

Turkey’s benchmark ISE National 100 Index (XU100) rose for the first time in six days, up 1.2 percent to 60,709.82 at the close in Istanbul.

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

Anadolu Isuzu Otomotiv Sanayi & Ticaret AS (ASUZU) , the manufacturer of commercial vehicles for Isuzu Motors Ltd. (7202), jumped 6.6 percent to 10.4 liras after winning a 25 million-lira ($13.9 million) contract from the city of Manisa.

Denizbank AS (DENIZ) , the Turkish bank that Belgian owner Dexia SA (DEXB) may sell, rose 3 percent to 15.5 liras after Russia’s biggest lender, OAO Sberbank (SBER), said it was still interested in buying and Reuters reported Qatar National Bank SAQ (QNBK) revised its bid higher.

Vestel Elektronik Sanayi & Ticaret AS (VESTL) , a consumer electronics and home appliances manufacturer, fell 0.5 percent to 2.19 liras after reporting a loss of 35.4 million liras in 2011, compared with a profit of 38.4 million liras in the previous year.

To contact the reporter on this story: Benjamin Harvey in Istanbul at

To contact the editor responsible for this story: Gavin Serkin at

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