Bulgarian Stocks Shoot up to 9-month High

Finance | August 10, 2009, Monday // 15:18|  views

Bulgaria's SOFIX index jump by 6.4% is the highest among global equity markets. Photo by Sofia Photo Agency

The stock-market euphoria of last week has not subsided and the Bulgarian stock market indices shot up on Monday in line with a rise in other emerging-market stocks that advanced on signs of recovery.

SOFIX, the main index on the Bulgarian stock exchange, jumped by 6.43% up to 439.79 points, reaching its highest level since the beginning of the year. BG-40 rose by 3.71% to 120.04 points, BGTR30 went up by 0.57% and stood at 40.73 points and BGREIT edged up by 5.41% to 324.87 points.

Bulgaria's SOFIX index jump by 6.4% is the highest among global equity markets.

The MSCI Emerging-Market Index gained 0.4 percent to 856.48 at 11:50 a.m. in London, heading for the biggest daily gain since Aug. 3.

Pakistan's Karachi 100 index led the advance in Asia, adding 2.7% to the highest level since December after the country's inflation rate slowed in July more than economist estimated.

Hungary's BUX Index climbed 2%.

 

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Tags: Bulgarian Stock Exchange, stock market, Sofix

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