BUSINESS

Athens bourse ends week by edging up 1.1 percent

TAGS: Stocks

The Greek stock market closed the week on the up on Friday, apparently buoyed by the positive sentiment among international investors following strong US employment figures and the Bank of England’s decision on Thursday to lower its interest rate.

The Athens stock exchange’s general index rose 1.1 percent to reach 562.76 points on Friday.

Turnover remained fairly low at 32.07 million euros.

The vast majority of shares (59) ended higher, while 21 remained stable and 17 fell.

Bank shares headed north again, with Piraeus leading the way with a 1.55 rise.

However, they still failed to perform as well as other shares.

The price of shares in Piraeus Port Authority (OLP) rose 4.28 percent amid reports that Chinese giant Cosco will complete the purchase of a majority stake in the organization next week.

Online