The Greek bourse wrapped up another week of gains on Friday, with the benchmark at a nine-month high. Still, trading volume eased and the positive momentum appears to have slowed.
The Athens Exchange (ATHEX) general index ended at 765.67 points, adding 0.20 percent to Thursday's 764.13 points. It rose for a third consecutive week, by 1.49 percent.
The benchmark of the Greek bourse ended Monday's session close to last Friday's eight-month high as traders' efforts to cash in recent gains met the resistance of certain blue chips that refused to yield ground. This resulted in a mixed picture on the board, with gainers outnumbering losers at the end of trade.
Bank stocks jumped almost 8 percent on Monday to take the benchmark of the Greek bourse to a new seven-month high - on notable turnover too. Traders appear to be buying into the prospects of a green light from Friday's Eurogroup for the 1-billion-euro tranche to Athens and of a Standard & Poor's rating upgrade later this month.
A consortium led by Kuwait's National Investment Co and including the Athens bourse won a tender to acquire 44 percent of the Kuwait stock exchange.
"There are plans by the Kuwait exchange for an IPO at a later stage to sell 50 percent and get listed," Socrates Lazaridis, CEO at Hellenic Exchanges, told Reuters last Thursday.
Foreign investors accounted for more than half of total trading activity on Greece's stock market last year, executives at stock and futures operator Hellenic Exchanges said on Wednesday.
Greek equities fell 23.6 percent in 2018, a tough year in which banks took a beating. But mid-cap shares bucked the downtrend for a second straight year.