PRAGUE/BUDAPEST/WARSCHAU (dpa-AFX) – The stock exchanges in Eastern Europe continued to rise on Friday. The Warsaw Stock Exchange again posted the clearest rises. The international stock market environment was also friendly. Positively received US labor market data provided an upward impetus. The US economy created more jobs than expected in June, while the unemployment rate stagnated at a low level.
On the Polish stock market, the Wig-20 advanced by 1.85 percent to 1740.46 points. The broader WIG rose 1.41 percent to 54,611.02 points. PKO Bank Polska started the weekend as the biggest gainer in the Wig-20 with a plus of 4.9 percent. Shares in oil company PKN Orlen also climbed more than four percent.
In Budapest, the BUX ended trading up 0.40 percent to 39,846.64 points. OTP Bank (Orsgos Takar s Ker BK ON) posted the strongest sales, gaining 1.1 percent. With strong turnover, the shares of the oil company MOL also rose by 0.9 percent. Meanwhile, Magyar Telekom (Magyar Telekom Telecommunications) fell 0.8 percent and pharmaceutical stock Richter Gedeon (Chemical Works of Richter Gedeon) fell 0.5 percent.
In Prague, the leading index PX (PX Prague Stock Exchange Index) rose by 0.87 percent to 1230.72 points. Banks were mostly in positive territory. Erste Group (Erste Group Bank) posted a gain of 3.6 percent, Moneta Money Bank gained 0.9 percent. In contrast, there were discounts of 0.3 percent at Komercni Banka (Komercni Banka AS). The shares of the arms manufacturer Colt continued to rise strongly – this time by 2.6 percent.
In Moscow, where the RTS index (RTS) had stopped its six-day steep descent with recovery gains the day before, it was now up a further 1.09 percent to 1144.79 points. / kat / APA / ck