Athens Stock Exchange rises above 2,620 points led by banks

The Athens Stock Exchange has shown resilience, with the General Index climbing above 2,620 points. This upward movement is primarily driven by the banking sector, which is attempting to sustain the momentum from previous market reversals. Notable performers in the banking sector include Alpha Bank, Eurobank, and Piraeus Bank, alongside gains from CrediaBank and Optima Bank.

While banks are leading the rise, other sectors show mixed results. Coca-Cola HBC has acted as a defensive weight, rising 1.71% to 53.60 euros and helping to mitigate broader market pressures. Conversely, GEK TERNAs has faced downward pressure, hitting semi-annual lows, while Motor Oil and Allwyn have also experienced selling pressure.

The market's performance occurs amidst a complex international environment characterized by volatility in European markets, such as the German DAX and French CAC, and concerns regarding energy prices and borrowing costs.