ECONOMY

Stocks up on hopes for EU deal

Greek stocks rebounded strongly on Friday, rising 3.80 percent, as investors were cheered by news that Germany and France have agreed on the next step to tackle the Greek crisis, as National Bank (NBG) jumped more than 8 percent.

The Athens bourse?s benchmark general index ended at 1,254.02 points, close to a session high of 1,272 points.

The blue chip FTSE/ATHEX 20 index advanced 5.06 percent to 564.80 points.

Banks raced ahead 8.11 percent.

NBG, which has lost some 10 percent in the last few days, leaped 8.45 percent to 4.74 euros.

Eurobank EFG advanced 9.31 percent to 3.17 euros and Bank of Cyprus ended at 2.14 euros, up 8.08 percent.

Marfin Investment Group (MIG) outperformed, rising 14.29 percent to 0.64 euros.

OTE telecom gained 3.04 percent to 6.10 euros and betting company OPAP increased 3.23 percent to 11.20 euros.

Turnover rose to 145.2 million euros, from 85 million euros in the previous session.