STOCKS NEWS EMERGING EUROPE-PKN, Lotos gain on crude price slide

                                
 STOCKS NEWS                     Reuters           Regional Stocks
                                
 Stocks on the move [HOT-RTRS]   Real-time Equity News [E]  [.CEE]
                                
 REGIONAL INDICES
                                
 Warsaw WIG20 <.WIG20>          Bucharest Beti <.BETI>
                                
 Budapest SE Index <.BUX>       Prague PX <.PX>
                                
 Zagreb Crobex <.CRBEX>         Sofia Sofix <.SOFIX>
                                
 Ljubljana SBI20 <.SBI>         Istanbul ISE National 100 <.XU100>
                                
 
                                
 1357 GMT 08July2008 - PKN, Lotos gain on lower oil prices
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 Polish refiners PKN Orlen <PKNA.WA> and Lotos <LTOS.WA> rise 3.2 and 4.2
percent late in the session thanks to lower oil prices, which have a direct
effect on the costs of both companies which have only negligible upstream
businesses.
                                
 The stocks were also helped by a new round of bargain hunting, which also
buoyed gas distributor PGNiG <PGNI.WA> (2.3 pct), copper miner KGHM <KGHM.WA>
(2.1 pct) and several larger banks, including OTP <OTPB.BU> (4.0 pct) and PKO BP
<PKOB.WA> (3.2 pct).
  Reuters Messaging rm://chris.borowski.reuters.com@reuters.net
                                
 
                                
 
                                
 1010 GMT 08July2008 - Agora extends losses on worker shares 
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 Poland's media group Agora <AGOD.WA> dropped another 6 percent on Tuesday
ahead of an expected inflow of employee shares which will begin trading later
this week.
                                
 The stock, also hit by worries over its Internet plans and a slowdown of
advertising sales, is down 18 percent since June 27.
                                
 The shares that will begin to trade on Friday are part of the employee stock
program. They constitue 5.6 percent of the company.
  Reuters Messaging rm://chris.borowski.reuters.com@reuters.net

                                
 
                                
 0816 GMT 07July2008 - Prague down 2.7 pct, Warsaw at new 2-yr low
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 Prague shares fall 2.7 percent in early trade while Warsaw reaches new
two-year low as central and eastern European markets retreat following the
losses on Wall Street sparked by concerns over mortgage providers.
                                
 Prague's main PX index <.PX> drops to its lowest level since January at
1,403.5 points, or 2.7 percent down. Warsaw's WIG20 <.WIG20> falls to 2484.1,
lowest since June 2006 and 35 points away from a hitting a 2-1/2 year low.
Budapest's BUX <.BUX> loses 1.3 percent.
                                
 Coal miner New World Resources <NWRS.L> <NWRSsp.PR> falls 4.1 percent,  Orco
Property Group <ORCOsp.PR> and ECM Real Estate Investments <ECMPsp.PR> drop 5.0
percent and 2.4 percent. Bank,
                                
 Banks, which recovered some ground in the previous session, also retreat.
Komercni Banka <BKOMsp.PR> loses 3.5 percent, BRE <BREP.WA> 3 percent and Peako
<BAPE.WA> 2.7 percent.
                                
 "Due to the gloomy outlook of worldwide capital markets, investors will
rather wait for company results as reporting season draws nearer," brokerage
Wood & Co wrote in its morning note.
                                
Reuters Messaging rm://jason.hovet.reuters.com@reuters.net