Bloomberg News

Turkish Stocks: Koza Anadolu, Tupras Are Active in Istanbul

July 10, 2012

Turkey’s benchmark ISE National 100 Index (XU100) climbed 0.8 percent to 63,123.95 at the close in Istanbul, its highest close since April 3.

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

Koza Anadolu Metal Madencilik Isletmeleri AS (KOZAA) , a Turkish miner, rose 3.5 percent to 3.89 liras. The company was placed on the recommended stocks list of Ekspres Invest, the brokerage unit of Denizbank AS, which said new projects offer high growth potential. The 12-month price estimate was 5.12 liras, Ekspres said in an e-mailed report to clients today.

Tupras Turkiye Petrol Rafinerileri AS (TUPRS TI), the country’s biggest refiner of crude oil, advanced as much as 1.6 percent before closing up 0.3 percent at 38.70 liras. The company’s price estimate was raised to 49 liras from 46.8 liras at Goldman Sachs Group Inc. The average 12-month estimate among 28 analysts is 45.1 liras, according to data compiled by Bloomberg.

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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