Bloomberg News

Turkey Stocks: Akbank, Bizim Toptan, Dogan Holding Move

May 29, 2012

Turkey’s benchmark ISE National 100 Index (XU100) rose 1.1 percent to 55,449.51 at the close in Istanbul, its biggest gain in almost two weeks.

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

Akbank TAS (AKBNK) , Turkey’s second-largest listed lender, snapped six days of losses, advancing 3.4 percent to 5.50 liras after MSCI said it was increasing the company’s weighting in its Global Standard Indices to 0.45 from 0.3.

Bizim Toptan Satis Magazalari AS (BIZIM) , a Turkish discount retailer, rose 2.5 percent to 24.55 liras after the stock was initiated at outperform, the equivalent of buy, at FinansInvest, the brokerage arm of Finansbank AS, the Turkish bank owned by National Bank of Greece.

Dogan Sirketler Grubu Holding AS (DOHOL) , a Turkish group of companies with interests in media and energy, surged the most in a month, adding 5.9 percent to 72 kurus, after saying it agreed to buy two wind power plants from the Agaoglu Group.

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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