Greek shares up 6.8 percent on hopes of deal
By Reuters
Jun 22, 2015 05:41 AM EDT
Regions
A man holding an umbrella walks in front of the parliament building during heavy rainfall in Athens March 13, 2015. (Photo : Reuters)
Greek shares .ATG rose 6.8 percent in morning trade on Monday on hopes that Greece was closer to reaching a deal with its international lenders.
The banking sector .FTATBNK was the top gainer, jumping 15 percent.
The European Union has welcomed new proposals from Greek Prime Minister Alexis Tsipras as a "good basis for progress" at talks on Monday where creditors want 11-hour concessions to haul Athens back from the brink of bankruptcy.
"The chances for a deal today have risen after the Greek government's renewed proposal. Greek market's reaction to that is very positive," Athens- based Beta Securities trader Takis Zamanis said.
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