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June 29

June 29

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ISTANBUL, June 29 (Reuters) - Here are news stories, press reports and events that could affect Turkish financial markets on Monday.

The lira traded at 1.5370 to the dollar in early trade compared to a close of 1.5340 on Friday.

The main share index rose 1.18 percent to 36,755.9 on Friday.

The benchmark Feb.

2, 2011, bond yield firmed to 12.05 percent, compared with a previous 12.19 percent.

Article Controlsemailreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterrss GLOBAL MARKETS Asian stock markets were mixed on Monday as many investors stuck to the sidelines as the second quarter winds down, while the dollar recovered from a slide on worries about the push by major emerging countries for a reserve currency alternative.

Asian shares outside Japan have surged 32 percent in the second quarter, which would be the best quarterly gain in 16 years, as investors embraced the region on hopes it would emerge more quickly from the deepest global recession in decades.

Read All Comments Crude oil lost 51 cents a barrel to $68.65 on easing tensions in major exporter Nigeria.

KOC HOLDING Operating profit at Turkey's biggest company reached a 10-year high in the second quarter, Chief Executive Bulent Bulgurlu told Sabah newspaper on Sunday.

Koc Holding, which accounts for 11 percent of Turkish exports, has a foreign-currency position of $1 billion, he also said.

TUPRAS The former state-owned refiner, now owned by Koc Holding, plans to convert diesel oil-producing units to make gasoline and has undertaken engineering studies on producing petroleum coke, a type of coal, from its byproducts, Bulgurlu also told Sabah.

The plans are part of Tupras' $2 billion investments to boost capacity and efficiency, he said.

YAPI KREDI SIGORTA The insurer plans to sell property in an Istanbul financial district for a minimum $11 million, it said in a filing on Friday after markets closed.

TOFAS Tofas CEO Ali Pandir says the car company has the capability to start producing electric automobiles within two months if the government introduces incentives, Milliyet reports.

NOTE - For a diary of forthcoming events, see.

For other related news, double click on: Turkish politics Turkish equities Turkish money Turkish debt Turkish hot stocks Forex news All emerging market news All Turkish news For real-time quotes, double click on: Istanbul National-100 stock index, Interbank lira trading, lira bond trading.

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