Turkish Equity Movers: Akfen, Dogan Gazetecilik, Koza Are Active – Bloomberg

Turkey’s benchmark ISE National 100 Index (XU100) fell 109.00, or 0.2 percent, to 64,247.00, paring this week’s gains to 0.6 percent.


The following stocks were active. Symbols are in parentheses.


Akfen Holding AS (AKFEN) , a builder and energy producer, rose as much as 2.3 percent in intraday trading after the company said it formed a joint venture to bid for Istanbul’s ferry operator, IDO. The shares later retreated to close down 5 kurus, or 0.5 percent, at 10.70 liras, cutting their weekly gain to 7.9 percent.


Dogan Gazetecilik AS (DGZTE) , which publishes the Milliyet newspaper, surged to its highest close since December 2009. The shares jumped 51 kurus, or 15 percent, to 3.99 liras after parent company Dogan Yayin Holding AS (DYHOL) , Turkey’s biggest media group, said the top administrative court upheld a lower court ruling overturning a claim for 862.9 million liras ($557 million) in back taxes and fines. Dogan Yayin was unchanged at 2 liras.


Koza Altin Isletmeleri AS (KOZAL) , a gold miner, dropped after owners Koza Anadolu Metal Madencilik Isletmeleri AS (KOZAA) and Ipek Matbaacilik Sanayi & Ticaret AS (IPMAT TI) sold $211.8 million worth of the company’s shares via Goldman Sachs Group Inc. at 19.50 liras each. Koza Altin fell the most in 10 months, losing 1.55 liras, or 7.1 percent, to 20.20 liras.

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