Sofia Exchange BGREIT Index Hits New All-time High on BREF gains

Sofia Exchange BGREIT Index Hits New All-time High on BREF gains

The Bulgarian Stock Exchange BGREIT index, which tracks real estate investment trusts, hit an all-time high of 122.23 points on Tuesday, backed by a rise in the share price of Bulgarian Real Estate Fund REIT (BREF).The BGREIT gained 0.52%, or 0.63 points, exceeding its previous all-time high of 121.79 points set on May 17.BREF shares ended the session 2.56% higher at 2.0 levs, adding to a 0.52% rise on Monday. After the Sofia exchange end bell last Friday, BREF announced that its has signed a six-year agreement with Robert Bosch Bulgaria for the lease of 2,749 sq. m. of its building in Sofia Tech Park, which is currently under construction.The blue-chip SOFIX index closed 0.05% lower on Tuesday, hit by a 2.86% drop in the share price of Central Cooperative Bank. Other major decliners among SOFIX members on Tuesday were Industrial Holding Bulgaria and Holding Varna, which lost 2.0% and 1.5%, respectively.

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