Belgrade Stock Rally Gathers Pace, Volumes Down

The blue-chip BELEX15 index of the Belgrade Stock Exchange gained 1.46% to 832.56 points after picking up 0.48% a day earlier. The broader BELEXline index climbed 1.18% to 1,572.80 points after edging up 0.43% on Wednesday.

The joint SRX index of the bourses in Belgrade and Vienna rose 2.03% to 378.80 on Thursday.

The Belgrade bourse's total turnover fell to 66.5 million dinars ($1.06 million/713,538 euro) from 94.7 million dinars on Wednesday. Trade in government bonds generated 2.5 million dinars, down from 19.2 million dinars a day earlier.

Blue chip AIK Banka climbed 2.13% to 3,066 dinars in the session’s highest turnover of 13.6 million dinars.

Blue-chip engineering and telecommunications company Telefonija added 0.92% to 2,200 dinars in the second highest turnover of 12.1 million dinars.

Blue chip Agrobanka advanced 1.35% to 11,112 dinars in the session’s third highest turnover of 8.5 million dinars.

Mechanical engineering company Progres was the bourse's biggest faller again, tumbling 12.14% to 152 dinars.

Tobacco producer Duvanska Industrija Nis, majority-owned by Philip Morris, paced the gains, soaring 15.28% to 2,890 dinars.

Climbers outnumbered fallers by 28 to 20, while the shares of 17 companies stayed flat on Thursday.

(1 euro=93.1976 Serbian dinars)