PKN Orlen share price rises 6% in record day's trade

Hungarian oil concern MOL is believed to have been behind yesterday's record turnover of shares in oil giant PKN Orlen. In total 3.3% of PKN Orlen stock worth zl.710 million changed hands, pushing the share price up 6%, to zl.21.5 by the close of day's trading on the the Warsaw Stock Exchange (WSE). The Parkiet daily quotes unnamed sources as saying that MOL was behind the massive purchase, although some analysts suggest that other sector investors, possibly a Russian concern, may also have moved to boost their holding and beat the Wednesday deadline for registering shares ahead of the next PKN Orlen general shareholders meeting. (Parkiet, pp. 1, 2) M.K.