ATHEX: Benchmark reaches new two-month high

Developments successful the Middle East struggle continued to favour the optimists, arsenic the tension is easing and the Strait of Hormuz is 1 way oregon different astir to reopen. This affirmative temper is starting to get reflected connected stock prices, with the section bourse seeing its benchmark ascent supra the 2,300-point level, to a two-month high, astatine the extremity of the week. For the remainder of the period attraction will present displacement to the argumentation decisions of the Fed and the European Central Bank.

The Athens Exchange (ATHEX) wide scale closed astatine 2,309.10 points, adding 1.50% to Thursday’s 2,274.98 points. On a weekly ground it precocious 3.75%, rising for a third week successful a row.

The large-cap FTSE-25 scale expanded 1.69%, ending astatine 5,885.50 points and the banks scale grew 3.81%, arsenic Alpha collected 5.56%, Optima roseate 4.90%, Eurobank grabbed 4.40% and Piraeus improved 3.48%.

In total 81 stocks obtained gains, 24 suffered losses and 16 remained unchanged.

Turnover amounted to €364.3 million, up from Thursday’s €328.5 million.

In Nicosia, the wide scale of the Cyprus Stock Exchange accrued 2.41% to adjacent astatine 291.49 points.