Stocks climb 4.8 pct on increased optimism about deal with institutions

Economy Tags: Markets
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The Greek stock market rebounded strongly this week, shooting up by 4.8 percent for the first rise after three weeks amid increased optimism that a technical agreement between the government and the institutions is within reach.

This was largely fuelled by rumors and reports that the two sides have agreed on almost all the outstanding issues. The improved investor sentiment was accompanied by increased trading activity in almost all sessions this week.

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