The benchmark BUX index surged 2.6% after a 1.2% gain on the previous day.

With these gains, the BUX was one of the best-performing bourses in Europe on the day.

OTP shares shot up 4.4% to a session high of Ft 12,840 on turnover of Ft 14.3 billion.

MOL also gained ground, adding 3.4% to its value ending the day at Ft 2,066. Magyar Telekom and Richter both edged down.

The agreement also led to a rally in the forint, which was trading above the 361 level versus the euro.

On Wednesday the currency pair was quoted at 357.