ECONOMY

OTE recovery helps keep index afloat

Late-session buying helped lift Greek stocks into positive territory yesterday as OTE Telecom recovered from a slide of more than 2 percent shortly before the release of its nine-month results. «Results were better than expected and this is likely to bring some relief to the share,» said analyst Manos Mavrogenis at Laiki Attalos Securities. Telecoms added 0.23 percent. The Athens benchmark general index advanced 0.13 percent to 1,869.22 points after dipping to an intra-session low of 1,849.47 points. Blue chips slipped 0.16 percent to 915.35 points. State-owned Public Power Corporation (PPC) fell 1.08 percent to 12.78 euros, as the date for a 13 percent share offering in the first week of December draws nearer. Mid-caps gained 0.74 percent and small-caps increased 0.58 percent. Turnover was 70.69 million euros on 19.0 million shares traded. Winners beat losers 160 to 134, with 67 shares unchanged on 361 traded. (Reuters)