The all time high reached by the Dow Jones (the main index of the US capital market) on Monday drove up shares listed on the Bucharest Stock Exchange, which registered one of its best days this year. The prices of Romanian shares rose by up to 5%, yet, unlike the US market, all time highs still remain some distance away.

The BET index gained 2% yesterday, while the BET-FI went up by 3.3%.

The BET gained almost 5% over the last few days, and the SIFs, whose performance is gauged by the BET-FI index, went up by almost 9%.

The trend of the market has been greatly influenced by the developments on the foreign markets over the last few months, both because of the more active presence of international players and because local investors are looking increasingly more at foreign market developments when investing on the Stock Exchange.

Investors did not care about the motion to censure that will be voted on today (the outcome of which is hard to anticipate), nor did they care about the macroeconomic concerns.

Petrom jumped 5%, the highest rise of all the blue chips on the market. The company announced yesterday that it had definitely and irrevocably won the lawsuit involving a capital increase operated in 2005. The verdict means Petrom's shareholders will be able to sell the shares they subscribed two years ago, in the coming weeks.

Yesterday's session was the third in a row to register growth, preceded, however, by six days of a market that constantly declined.

Yesterday's performance comes after well over two months of volatile developments on the international financial markets that were also felt on the Bucharest market, which fluctuated heavily, without any definite direction.

Brokers believe that what happens next is difficult to anticipate. "The trend of the market until the end of the year probably depends on the result