The prospect of a peace deal between Washington and Tehran gave international market a major push higher, while oil rates nosedived. That predictably gave the Greek stock market a considerable boost, with banks leading the upward move and most of the market following, albeit with reduced turnover. The benchmark has moved to levels unseen in the last three months, since the outbreak of the war in the Middle East, showing that the market has now factored in an end to the conflict, and any episode in the opposite direction would entail a considerable decline.
The Euronext Athens (ATHEX) general index closed at 2,318.73 points, adding 2.07% to Friday’s 2,271.72 points. The large-cap FTSE-25 index expanded 2.13%, ending at 5,882.77 points.
The banks index advanced 2.77%, as Alpha rose 5%, Eurobank earned 4.76%. Piraeus grew 2.80% and National improved 1.98%.
In total 85 stocks boasted gains, 27 posted losses and 11 remained unchanged.
Turnover amounted to €184.1 million, down from last Friday’s €272.4 million.
