Ipek Jumps Most in Five Months on Oil Drill Bets: Istanbul Mover
By Taylan Bilgic - Jul 8, 2013 3:23 PM GMT+0300
Ipek Dogal Enerji Kaynaklari ve Uretim AS jumped the most in more than five months as the energy company found evidence of hydrocarbons in an exploration well in southeast Turkey.
Ipek surged 13.4 percent to 4.14 liras at 2:57 p.m. in Istanbul, the most since January 30. The number of shares traded was about 3.3 times the stock’s three-month daily average, according to data compiled by Bloomberg. The third consecutive day of gains took this month’s advance to 28 percent, compared with a 4.6 percent decline in the benchmark Borsa Istanbul National 100 (XU100) index over the same period.
More:Ipek Jumps Most in Five Months on Oil Drill Bets: Istanbul Mover - Bloomberg