The Athens Stock Exchange Index rose by 7.11% after the publication of election results

The value of shares on the Athens Stock Exchange rose sharply on Monday, after a resounding victory for the ruling party in Sunday’s elections.

The market sees the outcome of the election as the best possible outcome, an outcome that reduces political risk, paving the way for an independent government in the next election and an investment grade recovery in the coming months.

At 13:00, the General stock price index was 1,212.82 points, which means a jump of 7.11%. The turnover amounted to 186.73 million euros. The index of large companies rose by 8.22%, and the index of medium companies – by 3.62%.

At 15:00, the overall share price index was 6.58%, apparently after Prime Minister Mitsotakis announced a runoff election on June 25th.

Source link