Sofia Bourse Expands Price Ranges Triggering Halts in Trading by 30%

The BSE rules require that the shares traded on the bourse's official market have a dynamic price range of 5.0% of the reference price, and the static price range is set at 10% of the last price achieved in an auction. The bourse can expand the price range by up to 30% for a single trading session to prevent suspension of trading.

The Sofia bourse's blue-chip SOFIX index inched up 0.06% to 369.56 points and the broader BG 40 index added 0.26% to 108.56 by 0820 GMT on Monday.

Markets in Europe mostly surged in early trade on Monday and the Asian markets ended higher.