Are you sure?

BUX falls on news from Dubai

The Budapest Stock Exchange's main BUX index finished the session on Thursday down 2.48% at 20,160.87 , falling with other European bourses after Dubai said two of its biggest companies would delay repayment of billions of dollars of debt, causing renewed worry about the health of the global financial system.

OTP Bank was hit the hardest by the news from Dubai, dropping - together with other European bank shares - by 4.04% to HUF 5,230. Turnover of the share reached HUF 18.3 billion, or about 80% of the HUF 22.7 billion session total.

Oil and gas company MOL dipped 2.22% to HUF 15,450 on turnover of HUF 1.6 billion, Magyar Telekom lost 2.00% to HUF 735 on turnover of HUF 779m and drugmaker Richter fell 1.35% to HUF 40,450 on turnover of HUF 1.2 billion.

The bourse's mid-cap BUMIX index dropped 1.36% to 1,953.02.

Elsewhere in the region, Warsaw's WIG 20 lost 1.44% and the Prague PX was down 2.17% .

Western Europe's biggest indices were all lower late on Thursday. London's FTSE 100 was down 2.65% at 5,222.77 and Frankfurt's DAX slid 2.41% to 5,663.33. (MTI-ECONEWS)