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Oct 16, 2007 17:37 EEST
October 16 (SeeNews) - Serbian bank shares dragged the Belgrade Stock Exchange (BELEX) blue-chip index lower, brokers said on Tuesday.
"Banks stocks are going down or stagnating and this process will continue, until a major news hits the market, such as an acquisition or a merger of Serbian banks," Uros Spasenovic, a broker with Belgrade Independent brokerage, told SeeNews.
The blue-chip BELEX15 index lost 0.82% to 2,806.48 points, while the broader BELEXline index fell by 0.91% to 4,449.00 points. The joint SRX index of the bourses in Belgrade and Vienna was down by 0.17 % to 1,612.61.
Shares in blue-chip commercial bank Komercijalna Banka lost 0.29% to finish at 129,999 dinars on 27.9 million dinars turnover. Potential investors faced a Tuesday deadline to become shareholders in the bank before its general shareholders meeting scheduled for Friday, when a hike of the bank’s capital should be approved, Spasenovic said.
Shares in AIK Banka and Agrobanka also fell, shedding 0.91% and 2.36% respectively, to closing levels of 11,383 dinars and 30,797 dinars.
Total BELEX turnover fell to 470.4 million dinars ($8.6 million/6.0 million euro) from 566.7 million on Monday.
(1 euro = 77.5722 dinars)
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