ECONOMY

Refineries dip as other stocks rise

Greek stocks advanced yesterday, supported by rising European peers, which helped push banks more than 1 percent higher. The Athens bourse’s benchmark general index added 0.57 percent to 1,598.88 points, rising to 1,609 points during mid-session trade, but failed to hold the 1,600-point support level. The blue chip FTSE/ATHEX 20 index firmed 0.81 percent to end at 779.98 points. Banks added 1.13 percent. National Bank gained 1.48 percent to 10.30 euros and Alpha rose 2.21 percent to 5.55 euros. Eurobank also advanced, rising 1.14 percent to 5.31 euros, while Bank of Cyprus ended at 4.14 euros, up 2.22 percent. OTE telecom moved ahead 1.59 percent to 5.76 euros and betting company OPAP firmed 0.88 percent to 11.50 euros. Oil refineries Hellenic Petroleum (ELPE) and Motor Oil, which are scheduled to unveil second-quarter figures today, both bucked the upward trend. ELPE fell 1.97 percent to 5.96 euros and Motor Oil eased 0.12 percent to 8 euros. Turnover eased to 51.5 million euros, the third-lowest figure seen this year, from 81.4 million previously.