Greek Stocks Extend Advance for Fourth Day in A Row

ATHENS – Greek stocks continued moving higher for the fourth day in a row in the Athens Stock Exchange on Friday, pushing the general index of the market above the 860-point level.

The index rose 0.74% to end at 864.82 points. The index eased 0.27% in the week despite a 3.75% advance in the last four sessions. The index is down 2.31% in July but up 6.85% so far this year. Turnover was a thin 31.68 million euros in volume of 17,112,802 shares. The Large Cap index rose 0.75% and the Mid Cap index ended 0.49% higher. Eurobank (2.78%), Athens Water (2.48%) and PPC (2.09%) scored big gains among blue chip stocks, while Lamda Development (1.05%), OPAP (0.95%) and Mytilineos (0.49%) suffered losses. Among market sectors, Technology (2.17%) and Banks (1.73%) moved up, while Real Estate (1.0%) and Commerce (0.92%) moved down.

Alpha Bank and Eurobank were the most heavily traded securities of the day. Broadly, advancers led decliners by 76 to 37, with another 20 issues unchanged. ELGEKA (13.28%) and Fieratex (8.26%) were top gainers, while Bitros Holdings (5.17%) and Premia (4.09%) were top losers.


NICOSIA — The European Union has earmarked 657 million euros ($736 million) for the construction of a a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday.

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