Bloomberg News

Turkish Stocks: Akbank, Trabzonspor, Turkish Airlines Move

June 18, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell 0.2 percent to 58,324.86 at the close in Istanbul, breaking its longest winning streak since August 1993 as Spanish bond yields climbed to a euro-era record amid concern the continent’s debt crisis is deepening.

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

Akbank TAS (AKBNK) , Turkey’s second-biggest bank by market value, led losses by lenders on the exchange, declining 1.3 percent to 6.04 liras while the Turkey Large Cap Bank Index declined 1 percent, dropping for the first day in three.

Trabzonspor Sportif Yatirim & Futbol Isletmeciligi TAS (TSPOR) , the listed unit of Black Sea soccer club Trabzonspor, jumped 6.9 percent to 11.70 liras after saying the team agreed to sign defender Souleymane Bamba from England’s Leicester City.

Turk Hava Yollari (THYAO) AO, or Turkish Airlines, added 1.8 percent to 2.82 liras. Turkish Airlines will add a new route to Houston and increased its number of flights to New York to three a day in response to increased demand, it said in a statement today. The number of passengers using the airline jumped 18.9 percent in the first five months of the year, led by a 33 percent increase in international passengers, the company said on June 14.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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