Bloomberg News

Turkish Stocks: Akbank, Frigo-Pak, Halkbank, Isbank Are Active

July 04, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell 0.3 percent to 62,554.22 at 4:13 p.m. in Istanbul.

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

Frigo-Pak Gida Maddeleri Sanayi & Ticaret AS (FRIGO) , an Istanbul-based processor and packager of food products, surged the most since December, adding 9.8 percent to 90 kurus, after saying it started partnership talks with an investor group, according to a company filing with the Istanbul bourse.

Turkiye Halk Bankasi AS (HALKB) , the biggest listed state-run bank, rose 0.7 percent to 14.20 liras, poised for its highest level in a week. Goldman Sachs Group Inc. raised Halkbank’s price estimate to 18.1 liras per share from 17.7 liras per share.

Turkiye Is Bankasi (ISATR) AS, Turkey’s biggest bank by assets, gained 1.2 percent to 4.93 liras, heading for the strongest level in almost a year. Isbank and four other Turkish banks had their foreign currency debt ratings raised two levels to Baa2, investment grade, at Moody’s Investors Service.

Akbank AS (AKBNK) , the lender owned by Haci Omer Sabanci Holding AS (SAHOL) and Citigroup Inc. (C:US), advanced 0.3 percent to 6.70 liras, the highest since April 27.

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

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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Companies Mentioned

  • C
    (Citigroup Inc)
    • $53.04 USD
    • -0.44
    • -0.83%
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