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Budapest Stock Exchange sinks to crisis level

The Budapest Stock Exchange main BUX index finished the session on Friday down 1.7% at 19,733, closing under the 20,000 mark for the first time since November 3, 2009 after a global sell-off on concerns about the European debt crisis and the US economy.

OTP Bank fell 0.4% to HUF 4,690, a recovery after opening down 6.9%. Turnover of the share was HUF 17.6 billion or about 65% of the HUF 27.2 billion session total.

Oil and gas group MOL tumbled 2.1% to HUF 18,300 on turnover of HUF 5.7 billion.

Magyar Telekom dropped 2.6% to HUF 526 on turnover of HUF 1.3 billion.

Drugmaker Richter fell 2.8% to HUF 36,090 on turnover of HUF 1.8 billion.