At 11:00 local time, the Bucharest Stock Exchange’s composite index BET-C was up 1.53%, while the main index BET was gaining 1.66%.
BET-FI index, which tracks the SIFs and investment fund Fondul Proprietatea (FP.RO), advanced 3.03%, while the wider BET-XT was up 1.97%.
The energy index BET-NG was gaining 1.3%.
Overall trading in Bucharest was RON7.47 million (EUR1.73 million), with RON2.9 million coming from Fondul Proprietatea deals. The fund’s shares rose 2.05% to RON0.4439.
The five SIFs were gaining between 3.21% and 4.99% on the day.
European stocks were mostly lower Friday morning, after Moody’s downgraded 12 British banks, including Royal Bank Scotland and Lloyds, saying it expects low state support on the medium and long term. (EUR1=RON4.3128)