January 7 (SeeNews) - The Sarajevo Stock Exchange (SASE) said it is replacing Privredna Banka Sarajevo [SAJ:BORBRK3] by medical devices producer Saniteks Velika Kladusa [SAJ:STVKRK4] in its blue-chip SASX-10 index, effective as of January 7.
The SASX-10 revision took place after the free float factor of local producer of wood, timber products and furniture Sipad Komerc Sarajevo [SAJ:SPKMR] exceeded 10%, SASE said in a statement on Monday.
Privredna Banka Sarajevo's shares last traded on December 4, closing unchanged at 109.68 marka ($62.7/56.1 euro).
Saniteks, founded in 1962 in Velika Kladusa, has production facilities spreading over 30,000 square metres and exports more than 50% of its output. The company's shates last traded on December 19, closing flat at 9.15 marka.
(1 euro = 1.95583 marka)