Optimism, year-end rally send bourse index higher

The benchmark index of the Greek bourse will start Christmas week on a 15-month high as the general optimism regarding the country’s prospects coupled with the customary year-end rally have created something of a buying euphoria among traders.

The Athens Exchange (ATHEX) general index ended at 896.88 points on Friday, adding 1.84 percent to Thursday’s 880.70 points. On a weekly basis the main index went up 4.65 percent.

The large-cap FTSE/ATHEX-25 index rose 2.05 percent on Friday to end at 308.98 points.

National Bank and Alpha, which had their nine-month results published on Friday, secured gains of 7.58 percent and 6.20 percent respectively.

Menawhile, Piraeus jumped 9.65 percent and Eurobank 8.32 percent just one day after taking losses on Thursday on the publication of their own Q3 results.

In total 91 stocks registered gains, 53 suffered headed south and 29 remained unchanged.

Turnover amounted to 86 million euros, up from 52.3 million last Thursday.

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