Bloomberg News

Turkey Stocks: Koc, Sabanci, Sisecam, Anadolu Cam, Trakya Cam

May 18, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell 0.7 percent to 56,935.76 at the close in Istanbul, extending its decline for the week to 3.3 percent, the worst five-day slide this year.

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

Koc Holding AS (KCHOL) , Turkey’s biggest group of companies, dropped 1 percent at 6.04 liras, its lowest since Jan. 11. The company reported net income of 538 million liras ($294 million) in the first quarter, compared with a 545 million-lira estimate in a Bloomberg survey of analysts.

Haci Omer Sabanci Holding AS (SAHOL) , Turkey’s second biggest group of companies, dropped 3.3 percent to 7.02 liras, declining for the first time in three days. First-quarter profit dropped 26 percent to 296.4 million liras, compared with 344.9 million liras in a Bloomberg survey.

Turkiye Sise & Cam Fabrikalari AS (SISE) , Turkey’s biggest glass producer, fell to the lowest in almost six months, losing 2.8 percent to 2.76 liras, after it and two of its units reported first quarter profit that missed analysts’ estimates. Anadolu Cam Sanayii AS (ANACM) , a maker of industrial flat glass and glass containers, lost 3.1 percent to 2.79 liras, while Trakya Cam Sanayi AS (TRKCM) , a maker of flat and automobile glass, fell 4.4 percent to 2.38 liras.

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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