GEK

Tuesday was a day of healthy gains on the Greek stock market, reminiscent of the sessions of high growth in the first couple of months of 2023. Assurances by domestic and foreign experts over the strength of the local credit system offered a major boost to bank stocks that led blue chips to a significant rebound.

The rebound expected on Thursday at the Greek stock market, following five consecutive days of decline, did materialize, but the benchmark closed some way from its day-highs.

After a day's respite, the Greek stock market returned to its upward course on Friday, with the benchmark covering some of its Thursday losses on its way toward the 1,000-point mark.

The main index at Athinon Avenue came off its eight-year peak on Thursday with a significant drop that bore the marks of profit-taking, but with a significant trading volume that showed interest remains considerable in the local bourse. This was only the second session of decline for the benchmark of the local stock market since the start of the year.

The constant march higher of Greek stocks continued on Wednesday, on a considerably increased turnover thanks to a number of business deals that not only increased the trading volume but also further fed the optimism among investors for medium-term gains. More than half of the day's turnover took place during the closing auctions.

After a mixed session that saw construction firms and banks defy the trend which saw most stocks heading lower and closing with losses, the benchmark ended the day on Thursday with negligible gains that sufficed to record yet another 11-month high. This was the eighth session of gains out of the last nine for the main index at Athinon Avenue.

The publication, in the Government Gazette, of the decision of the Minister of Finance for the granting of the "license for the development and operation of a casino with a wide range of activities at the Metropolitan Pole" marks the start of the 1 billion euro investment plan for the construction of the casino and the integrated tourist complex in Ellinikon.

The operating license of the Casino Company (EKAZ) for a wide range of activities in the Metropolitan Pole of Ellinikon - Agios Kosmas and the construction of a hotel, conference and exhibition center and a gathering place for sports or cultural events was signed today, June 8, 2022, by the Minister of Finance Christos Staikouras, as a representative of the Greek State, and the Athens IRC Conce

The first phase of the reconstruction of the Piraeus Tower was undertaken by TERNA SA, a 100% subsidiary of the GEK TERNA Group.

The big Public Private Partnership concerning the Thessaloniki Flyover is in the second phase of the tender process and without loss of suitors.