Bloomberg News

Turkish Stocks: Akbank, Vakif Finansal Are Active in Istanbul

June 26, 2012

Turkey’s benchmark ISE National 100 Index (XU100) rose 1.1 percent to 60,126.55 at the close in Istanbul, paring its 1.6 percent decline yesterday. The gauge is down 3.7 percent in the second quarter and up 17 percent for the year.

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

Akbank TAS (AKBNK) , the lender owned by Haci Omer Sabanci Holding AS (SAHOL) and Citigroup Inc. (C:US), advanced for the first time in three days, increasing 2.3 percent to 6.30 liras after HSBC Holdings Plc raised it to the equivalent of buy from sell.

Vakif Finansal Kiralama (VAKFN) AS, a leasing services provider, climbed 0.6 percent to 1.68 liras, after gaining as much as 1.8 percent, on reports the Turkish parliament discussed a draft law that would benefit the industry through a clause allowing companies to sell assets and then lease them back.

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

  • C
    (Citigroup Inc)
    • $54.1 USD
    • 1.65
    • 3.05%
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