Turkish Air Advances to Week-High as Oil Slumps: Istanbul Mover
By Taylan Bilgic - Apr 16, 2013 11:14 AM ET
Turk Hava Yollari AO (THYAO), Turkey’s flagship carrier, advanced to the highest level in a week on speculation a drop in oil prices bodes well for its earnings.
Shares of Turkish Airlines, as the carrier is known, rose 1.7 percent to 7.18 liras at the close in Istanbul, gaining for a second day. Brent crude traded 1.2 percent lower at $99.15 a barrel, extending its loss in the past five days to 6.7 percent.
More:Turkish Air Advances to Week-High as Oil Slumps: Istanbul Mover - Bloomberg