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Budapest shares close at new record high as MOL rockets on buyback program


Published : Fri, 22 Jun 2007 16:19
By : Agencies
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BUDAPEST (Thomson Financial) - Budapest shares closed at a new record high today as oil and gas company MOL announced it would purchase 10 pct of its own stock by the end of the year, sending the shares soaring.

The leading BUX index closed up 3.31 pct at 27,664.18, a new record high. Trading turnover was 64 bln forints, more than double the daily average this year.

The forint was up sharply to major currencies as the euro dipped 0.88 pct to 246.45 forints, while the US Dollar fell 1.30 pct to 183.21 forints.

edward.krudy@thomson.com

ek1/am

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