IslamicFinance.de

Bank Asya climbed to the highest in seven months, extending last week’s record rally, amid optimism the lender may be released from government management. Shares in the company advanced 3.8 percent to 1.09 liras at 3:39 p.m. in Istanbul, the highest level since September. Bank Asya has gained more than 60 percent since April 9, when it said 152 shareholders, representing about 90 percent of Class A shares, delivered documents to the banking regulator proving they’re qualified to be founding partners. Bank Asya has been trading in a markets watchlist since September. Companies on the list trade under conditions of heightened surveillance, and trading is limited to the afternoon only.