ISTANBUL
Electricity has been the most profitable sector in the Turkish stock markets in October, according to Borsa-Istanbul statistics released on Tuesday.
Electricity sector shares increased nearly 30 percent in October and the sector was the most lucrative for investors, according to the statistics.
The gain in the electric power sector since the beginning of the year has been one of the most profitable as Turkey's growing energy demand has been constantly increasing throughout 2014.
Zorlu Energy, one of the biggest companies in the Turkish energy sector by market value, saw a profit of 70 percent for its investors in one month, and during the year the company's shares gained 178 percent in value on the market.
Ayen Enerji was the second with 26 percent, Aksa Enerji was third with 21 percent and Ak Enerji was the fourth most profitable energy firm with 19 percent in October.
The list of company's profit rates are as follows:
| |
|
Profit/month (%) |
Profit/First ten months (%) |
Companies' market values |
| Zorlu Enerji |
|
68.60 |
178.85 |
1.450.000.000 |
| Ayen Elektrik |
|
26.95 |
87.18 |
374.582.637 |
| Aksa Enerji |
|
21.01 |
11.63 |
1.765.927.059 |
| Ak Enerji |
|
19.63 |
6.67 |
933.329.920 |
| Odaş Elektirk |
|
8.48 |
30.63 |
209.580.000 |
| Baysan Trafo |
|
3.25 |
114.23 |
47.476.000 |
| Aksu Enerji |
|
-1.95 |
-1.51 |
54.455.040 |
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