Bloomberg News

Turkish Stocks: Tekfen Holding, Tupras Are Active in Istanbul

July 19, 2012

Turkey’s benchmark ISE National 100 Index rose 0.3 percent to 62,614.73 at 1:45 p.m. in Istanbul, gaining for the first time in three days.

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

Tekfen Holding AS (TKFEN) , a company with interests in construction and agriculture, advanced 2.5 percent to 6.70 liras after Renaissance Capital initiated the shares with a buy rating and a 12-month price estimate of 10 liras.

Tupras Turkiye Petrol Rafinerileri AS (TUPRS) , Turkey’s sole refiner, fell 1 percent to 38.80 liras after Deutsche Bank AG cut its recommendation to hold from buy and the one-year price estimate to 42.10 liras from 46.60.

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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