Around the World's Markets

MILAN

SHARES staged a late recovery, with the Mibtel all-share ending 0.35 per cent down at 36,267 and the blue-chip Mib30 off 0.2 per cent at 36,267 on hopes that Yugoslav troops were starting to withdraw from Kosovo.

In the banking sector BCI - the subject of a hostile bid - climbed 3.6 per cent, with the French bank Paribas reportedly a heavy buyer. Its predator, UniCredito, rose 1.68 per cent, while another potential bidder, Banca Intesa, which is holding a board meeting today, fell by 1.7 per cent.