Bloomberg News

Turkey Stocks: Koza Altin, Turkish Airlines Move in Istanbul

June 04, 2012

Turkey’s benchmark ISE National 100 Index (XU100) added 0.3 percent to 55,744.29 at the close in Istanbul, gaining for a second day.

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

Koza Altin Isletmeleri AS (KOZAL) , a gold miner, jumped the most on record, adding 7.1 percent to 36.10 liras and bringing its two-day gain to 15 percent. April export figures released June 1 showed Turkish exports of precious metals rose to $1.5 billion in the month from $282 million a year earlier.

Turk Hava Yollari AO (THYAO) , or Turkish Airlines, gained 0.8 percent to 2.61 liras. The company is dropping its preparations to bid for Poland’s state-owned carrier Polskie Linie Lotnicze LOT SA because the deal would contribute little to its growth plans or shareholder value, the carrier said June 1 after the close of trading.

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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