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Turkish Stocks: Koc Holding, Halkbank, Isbank, Turk Traktor

21.05.12

Feb. 15 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index added 0.3 percent to 59,847.64 at the close in Istanbul.

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

Koc Holding AS (KCHOL TI), Turkey’s largest group of companies whose revenue accounts for about 6 percent of gross domestic product, added 0.8 percent to 7.22 liras. Sales grew 38 percent in 2011, excluding its share in bank Yapi & Kredi Bankasi AS, Hurriyet newspaper reported, citing Chief Executive Officer Turgay Durak.

Turkiye Halk Bankasi AS (HALKB TI), a state-run bank, rose 2.1 percent to 12.30 liras after reporting 2011 net income of 2.05 billion liras ($1.2 billion) in a preliminary tax filing, beating the 2.01 billion-lira average estimate of 30 analysts compiled by Bloomberg.

Turkiye Is Bankasi AS (ISCTR TI), a Turkish bank, jumped 2.3 percent to 4.07 liras after reporting fourth-quarter profit surged 43 percent to 864.2 million liras, exceeding the highest estimate in a Bloomberg survey of 14 analysts by more than 200 million liras.

Source: BusinessWeek