Warsaw Stock Exchange reaches all time high

WIRR, the index of smaller-sized companies, also reached a historical record high. This immense success is a result of several factors. Namely a visible improvement of the Polish economy, including the growing income of companies, staying within the planned budget deficit and having one of the highest growth rates in the EU (6.1%). Warsaw has not basked alone in the glory, as the good atmosphere in the region also reflected on the Prague and Budapest stock exchange indexes. In Poland, the rise is put down to the keen interest in shares of banks, metal-processing and construction companies. The present high level of the WSE index may not be a lasting, as stock brokers warn the coming public offer of shares of PKO BP may encourage major financial players to sell some of their stocks to gather funds for PKO shares. (Puls Biznesu, p.1; Parkiet, p. 1; Rzeczpospolita p. A1) M.G.