Motor Oil

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MOR

ATHEX: Stocks recover most of the ground lost on Wednesday

Bank stocks recovered most of their Wednesday losses on Thursday, leading the benchmark to notable gains, although this appears to be a technical reaction rather than a real change of heart by investors. The rise in bond yields also indicated that confidence in Greece has yet to be restored.

ATHEX: Another day, another drop for bank stocks

Losses sustained by Greek banking stocks banished early signs that the local market could head higher on Wednesday, with the benchmark losing all of its morning gains to end up in the red again.

The Athens Exchange (ATHEX) general index ended at 690.27 points, shedding 0.26 percent from Tuesday's 692.04 points. The large-cap FTSE-25 index contracted 0.20 percent to 1,811.98 points.

Motor Oil sees 17.6 pct jump in profits in H1

Greece's second-biggest refiner Motor Oil reported a 17.58 percent rise in net profit after taxes and minority interests in the first six months of 2018, compared with the same period last year, the company said on Wednesday.

Turnover for the group increased 18.08 percent or by 677 million euros to 4.42 billion euros in the same period.

ATHEX stocks end marginally lower

The benchmark of the Athens Stock Exchange (ATHEX) recorded marginal losses on Tuesday, having gained more than 1.50 percent during trading.

The ATHEX general index ended at 720.32 points, down 0.05 percent from Monday's 720.71 points, having reached an intraday high of 731.97 points.

Turnover came to 36.77 million euros.

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