PKN Orlen shares considered hot property on the WSE

Over 12 million shares, the equivalent of almost 3% of the total capital of oil concern PKN Orlen changed hands during the past two sessions on the stock exchange. It is rumored that Bank Handlowy was involved in the trading. According to Andrzej Lucjan from the brokerage house of Bank Przemyslowo-Handlowy, "PKN shares may be a profitable investment in the coming months. Financial investors are trying to take advantage of the low share price, counting on a better economic situation in Poland next year. PKN Orlen will also benefit from it as the demand for its products is likely to rise." Analysts agree, however, that the share purchase was not made by either the Austrian OMV nor Hungarian MOL, the two major potential industry investors. (Parkiet, p.1) A.K.