Bloomberg News

Turkish Stocks: Akenerji, Egeli, Tukas Move in Istanbul Trading

June 29, 2012

Turkey’s benchmark ISE National 100 Index (XU100) rose 2.8 percent to 62,543.49 at the close in Istanbul. The jump was the biggest since Feb. 1 and extends the gauge’s surge this year to 22 percent.

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

Akenerji Elektrik Uretim AS (AKENR) , a Turkish utility, surged the most since November 2008, adding 13.5 percent to 2.19 liras, after saying it would sell 45 percent of a special purpose vehicle to its partners, reducing debt.

Egeli & Co. Tarim Girisim Sermayesi Yatirim Ortakligi AS (EGCYO) , a Turkish investment company, jumped 4.3 percent to 0.98 liras after saying it signed a letter of intent to buy a 49 percent stake in an inactive dairy farm in western Izmir province to start organic milk production. Turkey revamped its milk production standards to allow exports to the European Union after a 12-year ban, according to a Zaman newspaper report yesterday.

Tukas Gida Sanayi & Ticaret AS (TUKAS) , a maker of canned and frozen food, gained 2 percent to 1.02 liras after saying it will request 50 million liras ($28 million) from owner Ordu Yardimlasma Kurumu, Turkey’s army pension fund known as Oyak, to strengthen its finances.

To contact the reporter on this story: Sibel Akbay in Istanbul at sakbay@bloomberg.net

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


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