Eurobank

Greek stocks had something of a rocky session at the start of the week as the morning satisfaction following the vote in Parliament on the key tax and social security bills was succeeded by concerns over the outcome of Monday's Eurogroup. The positive signs from the Euro Working Group meeting eventually led to some gains for most stocks.

Athens's completion of the agreement with the country's creditors and the bailout review will constitute a major and decisive step toward Greece exiting the crisis, the lifting of uncertainty and the return of the economy to normal conditions, senior bank officials tell Kathimerini.

A Morgan Stanley report that was published on Wednesday and forecast a swift end to the country's negotiations with its creditors gave a significant push to the local stock market upon its reopening after the Easter and May Day holidays. The report was particularly bullish on Greek bank stocks, whose index gained 3.01 percent on Wednesday.

An immediate impact was seen on the Greek stock market on Wednesday after the negotiations between Athens and its creditors hit a snag on Tuesday, inflicting significant losses, mainly on bank stocks, as well as the benchmark.

The Athens stock market had a day of high volatility on Tuesday on various rumors about the outcome of the all-important talks between the government and the country's creditors, with the benchmark eventually managing to inch up just shy of 600 points, having seen prices drop considerably earlier in the day.

As investors continued to await the conclusion of the government's negotiations with the country's creditors, profit taking dominated Monday's session at the Greek bourse, on the heels of last week's mini-rally that saw the benchmark clear 600 points. The first hour of trading resulted in gains, but the majority of stocks sank into negative territory for the rest of the day.

The slightly increased chances of an agreement between Athens and Greece's lenders, thanks to Eurostat figures and politicians' statements, was reflected in Tuesday's session at the local bourse, with moderate gains for the majority of stocks.

The Athens Stock Exchange has returned back to 1989 levels amid uncertainty over completion of the first review of the Greek economic adjustment program, intense social reactions to proposed reforms in the social security and tax systems and scenarios over political developments in the country.

Equity prices were falling on Monday on the Athens Stock Exchange (ASE), with the basic share price index down 7.16%, standing at 467 points at 14:40pm.

Prime Minister Alexis Tsipras on Friday received a group of foreign investors at Maximos Mansion, while the discussion focused on the first review of the economic adjustment program and government’s strategy on development.