Bloomberg News

Turkish Stocks: Coca-Cola Icecek, Escort, Polyester Sanayi Move

May 22, 2012

Turkey’s benchmark ISE National 100 Index (XU100) rose 0.3 percent to 56,684.20 at 3:30 p.m in Istanbul, snapping three days of losses.

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

Coca-Cola Icecek AS (CCOLA) , the Turkish bottler of Coca-Cola Co. (KO:US) drinks, gained as much as 9.5 percent to a record high before trading up 0.8 percent at 24 liras. The company will pay a gross dividend of 0.24 liras per share on May 25, it said in a statement to the Istanbul Stock Exchange after the market close yesterday.

Escort Computer (ESCOM) Elektronik Sanayi & Ticaret AS (ESCOM TI), a manufacturer and importer of computers, gained 1.5 percent to 10.45 liras. Escort started talks with Gemia Inc. for an 18 million-lira ($10 million) loan or a facility convertible to equity within three years, it said in a statement to the exchange today.

Polyester Sanayi AS (SASA) , a producer of polyester fibers, yarns and plastic bottles, dropped 9.4 percent to 1.25 liras, snapping three days of gains. The shares had been rising after reports Turkey would impose anti-dumping measures on polyester fiber imports from Indonesia and South Korea, according to Istanbul-based brokerage BGC Partners.

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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Companies Mentioned

  • KO
    (Coca-Cola Co/The)
    • $41.72 USD
    • 0.09
    • 0.22%
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