SOFIA INDEX HITS A RECORD-HIGH AFTER LUKOIL TRADE ON STOCK EXCHANGE

Business | January 22, 2002, Tuesday // 00:00

A package of some 5% or 700,000 shares in Lukoil Neftochim refinery were traded yesterday on the Bulgarian Stock Exchange at BGN 20 each, immediately raising Sofia index to a record high of 138,49. Lukoil shares are normally traded at BGN 8-BGN 10 each. The package consists of preferential shares, the gain from the rate margin stands at BGN 11,375 M. The mediator of the deals has been one and the same, which fostered suspicions of a certain relation between the buyer and majority-holder Lukoil.

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