ECONOMY

Stocks rise for seventh straight day

Greeks stocks gained ground for a seventh straight session on Thursday, easily absorbing intra-session profit-taking, as investors bet that a comprehensive solution to the country?s debt woes is close at hand.

The Athens bourse?s benchmark general index added 0.67 percent to 1,675.14 points.

Investors will be watching out for any news from Friday?s European Union summit in Brussels on how Greece may be provided with a way to get a grip on its debt pile, which is seen rising to 300 billion euros.

The blue chip FTSE/ATHEX 20 index advanced 1.06 percent to end at 789.11 points.

OTE telecom outperformed, jumping 5.60 percent to 7.92 euros.

Coca-Cola Hellenic, which kicks off the fourth-quarter reporting season for blue chips on Wednesday, dipped 1.69 percent to 21.50 euros.

Turnover reached 117.27 million euros versus 221 million in the previous session.