Serbian stock indices sustain rally

The blue-chip BELEX15 index of the Belgrade Stock Exchange rose 2.12% to 516.40 points after adding 0.65% on Thursday.

The broader BELEXline was up 1.35% to 980.70 points after advancing by 0.92% in the previous trading session.

The joint SRX index of the bourses in Belgrade and Vienna climbed 3.27% in euro terms to 162.12 points after adding 0.45% on Thursday.

Total turnover plunged to 83.6 million dinars ($978,700/737,100 euro) from 309.5 million dinars on Thursday.

Lender AIK Banka generated Friday’s largest turnover of 50.9 million dinars, closing 4.58% higher at 1,599 dinars. The company's preference shares were also actively traded, generating 5.1 million dinars in turnover and closing flat at 836 dinars.

"AIK Banka's preference shares registered solid turnover as they carry a guaranteed dividend of 114 dinars and the ex-dividend date is January 1," Milos Bijanic, financial analyst at Belgrade-based brokerage Sinteza Invest Group, told SeeNews

Agricultural chemicals producer Galenika Fitofarmacija led Friday's gainers, adding 9.17% to 2,620 dinars with only four shares changing hands.

Edible oil producer Vital paced the decliners, losing 17.78% to 1,110 dinars in a volume of 100 shares.

(1 euro=113.4251 Serbian dinars)