Turkish Insurers Rise on Government Incentives: Istanbul Mover
By Taylan Bilgic - Jan 3, 2013 11:23 AM ET
Turkish insurance companies advanced for a second day in Istanbul as government incentives to encourage savings through private pension plans came into effect with the start of 2013.
Anadolu Hayat Emeklilik AS (ANHYT) led gains, surging 12 percent to 4.85 liras at the close, its biggest advance since November 2008 and the highest level since Aug. 3. Yapi Kredi Sigorta AS (YKSGR), which is being split into life and non-life units for sale by parent Yapi & Kredi Bankasi AS, climbed 2.1 percent to 16.80 liras.
More:Turkish Insurers Rise on Government Incentives: Istanbul Mover - Bloomberg