Bloomberg News

Polish Stocks: Kulczyk, Bank Pekao Are Active on Warsaw Bourse

February 13, 2012

Feb. 13 (Bloomberg) -- Poland’s WIG20 Index rose for the first time in three days, gaining 0.7 percent to 2,342.29 at the 5:30 p.m. close in Warsaw.

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

Bank Pekao SA (PEO PW), the nation’s second-largest lender, rose 2.6 percent to 161 zloty after Wojciech Kwasniak, deputy chairman of the country’s financial market regulator, said in an interview with Parkiet daily that Pekao and PKO Bank Polski SA’s financial health allows them to pay dividends from their 2011 profit. PKO (PKO PW) rose 0.7 percent to 35.68 zloty.

Kulczyk Oil Ventures Inc. (KOV PW), an exploration company owned by Polish billionaire Jan Kulczyk, said that Ukrainian authorities allowed it to change the status of its Olgovskoye license from exploratory to producing. Its shares rose 15 percent, the most in a year, to a six-month high of 1.61 zloty.

--Editors: Wojciech Moskwa, Peter Branton.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

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


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