Shares in Turkish petrochemical company Petkim Petrokimya Holding AS (PETKM.IS) Thursday rose nearly 9% after the company said it would increase its issued capital to 1 billion Turkish lira ($669 million).
The company said late Wednesday that it plans to increase its issued capital 388.4% to TRY1 billion.
Petkim is a joint venture between the State Oil Company Of AzerbaijanTurkish fuel distributorenergy firm Turcas Petrol AS (TRCAS.IS).
At 0750 GMT, Petkim shares were trading 8.9% higher at TRY11.00, amid a 0.22% higher overall Istanbul market.
(YC-YC-E-ENG)
Turkey's Petkım Shares Up Nearly 9% After Capıtal Hıke News
Shares in Turkish petrochemical company Petkim Petrokimya Holding AS (PETKM
