ECONOMY

Athens bourse benchmark soars by almost 10 pct

The Eurogroup’s decision to extend Greece’s bailout agreement for another four months sent the local bourse benchmark soaring almost 10 percent on Tuesday to reach a two-and-a-half-month high on very high turnover.

The Athens Exchange (ATHEX) general index closed at 937.96 points, up 9.81 percent from Friday’s 854.15 points. The large-cap FTSE/ATHEX 25 index expanded 10.92 percent to end at 281.37 points.

Banks had a field day, with Piraeus adding 19.97 percent, Alpha rising 17.03 percent and National advancing 16.67 percent, followed by Marfin Investment Group, which gained 16.22 percent.

In total 116 stocks rose, 25 fell and 11 stayed put.

Turnover reached 246.4 million euros, up from last Friday’s 212 million.