Bloomberg News

Turkish Stocks: Arcelik, Fenerbahce, Tat Konserve, Ulker Move

July 02, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell 1 percent to 61,951.16 at the close in Istanbul, after rising 2.8 percent on June 29, paring its gain this year to 21 percent.

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

Arcelik AS (ARCLK) , a maker of household appliances, declined 1.5 percent to 9 liras, the biggest drop since June 20, after UBS Group AG recommended investors sell the shares.

Fenerbahce Futbol AS (FENER TI), the listed arm of Istanbul soccer club Fenerbahce, surged as much as 10 percent after club chairman Aziz Yildirim was released after nearly a year in prison in a match-fixing probe. Shares closed 2.3 percent lower at 54 liras after a judge sentenced Yildirim to six years and three months in jail on the grounds that he set up a gang to commit crime and fix matches the same day, according to state- run news agency Ankara.

Tat Konserve Sanayii AS (TATKS) , a maker of canned and frozen fruits and vegetables, retreated as much as 1.9 percent and closed 0.5 percent lower at 2.11 liras. The company said it will stop livestock breeding activities at one of its units. The livestock business accounts for 5 percent of total sales, it said in a statement to the Istanbul Stock Exchange June 29.

Ulker Biskuvi Sanayi AS (ULKER) , a producer of sweets and biscuits, rose 2.9 percent to 7.14 liras, its highest since June 8. The company was added to the ISE National 100 index tracking Turkey’s 100 largest publicly listed firms today, according to a statement from the exchange.

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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