Bosnian Shares Decline This Week

The SASX-10 index of the Sarajevo Stock Exchange, SASE, which tracks the bourse's 10 blue chips, was the sole index that rose this week. It closed 2.62% up from last Friday at 1,163.35 points.

The SASX-30 index, which comprises the 30 most liquid stocks on SASE, ended 1.48% down from last Friday at 1,191.49. SASE's index tracking investment funds, the BIFX, dropped 1.08% to 2,062.43 points this week.

Blue-chip drug firm Bosnalijek posted the highest turnover on the SASE's official market this week, 45,917 marka. Its stock was traded at an average price of 17.22 marka ($13/8.8 euro) on Friday, up from 17.01 marka a week ago.

SASE's total turnover fell to 2.9 million this week marka from 4.8 million marka last week.

The turnover on the Banja Luka Stock Exchange (BLSE), Bosnia's smaller bourse, rose to 2.8 million marka this week from 1.04 marka last week.

The benchmark BIRS index of the BLSE fell to 1,017.23 points on Friday, 0.62% down from a week earlier. The BLSE investment funds index, FIRS, declined by 0.89% to 2,059.91 this week.

The most liquid stock on BLSE's official market was Telekom Srpske, which was traded in a turnover of 104,520 marka this week. Its share closed at an average weighted price of 1.46 marka on Friday, down 2.01% from a week ago.

Among the investment funds traded on the BLSE, ZIF Euroinvestment Fond posted the highest turnover this week, 50,900 marka. The company stock's average weighted price was 10.47 marka on Friday, 6.95% up from a week ago.

BLSE is based in the Serb Republic, one of Bosnia's two autonomous parts. SASE is based in the other part, the Muslim-Croat Federation.

(1 euro=1.95583 Bosnian marka)