US Ambassador in Athens Geoffrey R. Pyatt stressed America's commitment to supporting Greek economic growth as he addressed on Wednesday's presentation of the new "Roots" program for the support of local startups and small and medium-sized enterprises, to be implemented by the Athens Exchange and the American-Hellenic Chamber of Commerce.
The Greek stock market succumbed to pressure early on Wednesday but eventually narrowed its morning losses almost down to zero by the close.
The Athens Exchange (ATHEX) general index ended at 656.92 points, down less than 0.01 percent from Tuesday's 656.96 points. The large-cap FTSE-25 index contracted 0.39 percent to 1,720.96 points, while the mid-cap index expanded 0.46 percent.
Oversold bank stocks staged a remarkable rebound in Thursday's bourse session, with Alpha and National announcing a return to profit in July-September at the end of the trading day. The Athens Exchange (ATHEX) was also buoyed by rallying international markets, the drop in Greek bond yields and a favorable report by Moody's on the Bank of Greece proposal for slashing bad loans.
While turnover remained subdued on the Greek stock market on Friday following the Thanksgiving holiday in the US on Thursday, banks' 4 percent rise managed to take the benchmark back above the 600-point mark.
The Athens Exchange (ATHEX) general index ended at 602.60 points, adding 0.65 percent to Thursday's 598.73 points. On a weekly basis it conceded 3.69 percent.
Creditors' concerns about delays in the government's reforms, the continuing selloff in bank stocks, the rise in Greek bond yields and Monday's drop on the New York Stock Exchange contributed toward another price slide at Athinon Avenue on Tuesday, when the main index tumbled to a new two-year low at the end of a fifth consecutive loss-making session.