Bloomberg News

Polish Stocks: PKN Orlen, Telekomunikacja Shares Move in Warsaw

January 16, 2012

Jan. 13 (Bloomberg) -- Poland’s WIG20 Index fell 0.61 point, or less than 0.1 percent, to 2,166.38, at the 5:30 p.m. close in Warsaw, preserving a 0.4 percent advance for the week.

The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.

PKN Orlen SA (PKN PW), Poland’s biggest oil company, fell 1.9 percent to 33.95 zloty, and Grupa Lotos SA (LTS PW), the second-largest refiner, was unchanged at 21.8 zloty. Crude oil dropped to a three-week low after two European Union officials said an embargo on Iranian crude imports may be postponed for two months.

Telekomunikacja Polska SA (TPS PW) gained 1.3 percent to 17.47 zloty after Poland’s largest phone company said the settlement with GN Store Nord’s unit DPTG won’t affect its dividend plans. Telekomunikacja, which set 542 million euros ($692 million) in reserves for the dispute with DPTG, agreed to pay 550 million euros, it said in a regulatory statement.

--Editors: Peter Branton, Robert Valpuesta

Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

To contact the reporters on this story: David McQuaid in Warsaw pkozlowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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