Manufacturers to supply wholesale high replica watches

By Benjamin Harvey

Jan. 27 (Bloomberg) — Turkey’s benchmark ISE National 100 Index rose 0.7 percent to 57,356.72 at the close in Istanbul, bringing its weekly advance to 4.5 percent.

The following were among the active equities in the Turkish market today. Stock symbols are in parentheses.

Ipek Dogal Enerji Kaynaklari & Uretim AS (IPEKE TI), a mining company, dropped 4.2 percent to 3.66 liras after announcing it received regulator approval for a 100 percent rights issue to raise capital to 259.8 million liras ($145 million).

Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO TI), a real estate company, added 2.1 percent to 7.80 liras. Nurol bought Hurriyet Medya Towers, the headquarters of newspaper Hurriyet Gazetecilik & Matbaacilik AS (HURGZ TI), for $127.5 million. The company will pay $17.5 million in advance and the remainder over 32 months, it said in a filing with the stock exchange.

Hurriyet shares closed unchanged at 93 kurus.

Turkiye Halk Bankasi AS (HALKB TI), a state-run lender, gained 2.6 percent to 11.85 liras Bandage Dresses, its highest since Oct. 19. Credit Suisse Group AG kept the bank as “preferred” in Turkey and chief executive Suleyman Aslan said he expected profit would rise 10 percent this year, according to a report in Sabah newspaper.

Yapi & Kredi Bankasi AS (YKBNK TI), the bank part-owned by UniCredit SpA, rose for a third day, adding 4.6 percent to 3.45 liras. The bank has surged 14 percent since Jan. 24 as UniCredit recovered from a 23-year low this month and after the Federal Reserve’s forcast of “exceptionally low” interest rates through 2014 signaled easing of liquidity conditions and allayed concerns about the Turkish lender’s capital position.

–Editors: Ash Kumar Prom Dresses, Alex Nicholson

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

Business Exchange E-mail Print READER DISCUSSION

DEFENCE Minister Stephen Smith has again rejected suggestions of an early departure of Australian troops from Afghanistan. Polos

Mr Smith, who is in Brussels for a meeting of International Security Assistance Force (ISAF) defence ministers, said today Oruzgan province would begin to transition to Afghan government security responsibility over the next 12-18 months.

He said the province was on track to make that transition by 2014, perhaps a little earlier.

"As transition occurs, then there is a chance that we will see a need for fewer Australians engaged in the training and mentoring role Prom Dresses," he told ABC television.

"But we continue to see a need for an Australian presence in Oruzgan until the end of 2014, just as we’ll see the ongoing presence of the United Nations and other NATO and ISAF countries there until the end of 2014."

Australia now has some 1550 troops in Afghanistan, most in Oruzgan province conducting training of Afghan forces and security operations.

The latest speculation comes after US Defence Secretary Leon Panetta said US forces would end their combat role and concentrate instead on training and advising Afghan security forces.

Mr Smith said Australia did not describe this as an early pull-out and neither did Mr Panetta.

But he said better than expected progress on transition to Afghan security responsibility did open up the prospect of drawing down.

But he stressed that there would likely still be an Australian presence after 2014 in a different form.

"That might be continuing training, it might be military advisers and it might also be an ongoing contribution so far as special forces are concerned, either training Afghan special forces or actually continuing to do particular operations," he added.

Mr Smith said he had talked with Afghan Defence Minister General Abdul Rahim Wardak who said there had been good progress but that the job wasn’t yet done.

"One of the phrases that I’ve heard repeatedly today from my European colleagues and from Secretary Panetta is the phrase ‘in together, out together’. That underlines the Lisbon Summit arrangement which is transition by the end of 2014," Mr Smith added.