Bloomberg News

Turkish Stocks: Adana Cimento, Frigo-Pak, Karsan Are Active

July 20, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell 0.9 percent to 61,792.16 at the close in Istanbul, falling for a fourth day and extending its loss this week to 1.4 percent.

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

Adana Cimento Sanayii TAS (ADANA) , a cement maker based in Adana in southern Turkey, declined 1.5 percent to 0.68 liras after Sabah newspaper reported that Sonmez Holding AS will build a $165 million cement plant in the same province.

Frigo-Pak Gida Maddeleri Sanayi & Ticaret AS (FRIGO) , an Istanbul-based processor and packager of food products, jumped 5.3 percent to 1 lira after saying it signed an accord for Universe Capital Partners LLC to invest in the company.

Karsan Otomotiv Sanayii & Ticaret AS (KARSN) , a Turkish motor vehicle maker, rose the most in almost a month, adding 2.6 percent to 1.19 liras after saying it won an Istanbul municipality auction to supply 200 natural gas-fired buses and spare parts.

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


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus