ECONOMY

Benchmark index inches higher during slow trade

The local bourse posted the third-lowest daily turnover this year at the end of Friday?s session, leaving little room for conclusions regarding the mind-set of investors and the course of the market. The announcement of Piraeus Bank?s absorption of ATEbank came after the end of trade.

The Athens Exchange (ATHEX) general index ended at 586.26 points, adding 0.52 percent to Thursday?s closing figure of 583.20 points. The blue chip FTSE/ATHEX 20 index expanded by 1.03 percent to close at 210.29 points.

Piraeus added 5.74 percent, followed by Alpha Bank?s rise of 5 percent. Jumbo posted a 1.65 percent decline.

In total, 59 stocks posted gains, 37 recorded losses and 20 remained unchanged.

Turnover amounted to just 15.7 million euros, down from Thursday?s 19.8 million.