ECONOMY

Stocks jump nearly 6 percent

The Greek bourse greeted the outcome of Thursday?s eurozone meeting with great enthusiasm on Friday, with stocks posting major gains across the board.

The Athens Exchange (ATHEX) general index ended at 1,286.15 points, rising 5.91 percent from Thursday?s closing figure of 1,214.42 points. The blue chip FTSE/ATHEX 20 index soared 7.51 percent to end at 574.97 points.

On a weekly basis the general index added 9.28 percent, but the banks sectoral index stole the show with gains of 24.03 percent over the previous week.

All but one blue chip headed north, led by Alpha Bank (up 18.81 percent), Marfin Popular Bank (13.21 percent), Hellenic Postbank (13.11 percent), Piraeus Bank (12.09 percent) and Eurobank EFG (11.70 percent). Titan cement was a non-mover.

In total, 155 stocks moved up, 13 went down and 30 remained unchanged. ATEbank posted the biggest gains, amounting to 27.42 percent, while Leventeris was the worst off with losses of 9.09 percent.

Turnover came to 161.2 million euros, by far the week’s highest, against 114.5 million on Thursday.