Greek Market Moves Higher 
 
                         Athens  stocks are firmer on Monday following the bailout package for Ireland  announced Sunday and the extension of the period in which Greece has to  pay back the EU loans.
 
“The final settlement of Ireland΄s EU/IMF 85bn euros aid, which also  assisted Greece by providing an extra 4 year-period cushion, should  prove sufficient in providing the Athens market with a short-term  catalyst, driving the GI towards slightly higher grounds. Having just  concluded a 5-week negative week period, the GI badly needed a positive  parameter that would end its downward momentum. In this context, we  expect the expect the Athens market to provide investors today with a  promising upward move, ideally accompanied by strong bid-side interest  and increased trading volume. Technically, Friday΄s formation could be  well signifying a change of course, thus rendering a possible rise as  the most probable scenario. We expect, therefore, the GI to start  towards the 1,460 units, which consist today΄s 2nd resistance level,  with a possible break of aforementioned levels bringing the Athens  market towards the 1,475 - 1,480 units, just below the 15-days moving  average,” Pegasus says in its morning report.
 
Across the board, the General Index gains 1.08% at 1,452.36 on a total turnover of 37.93 mil. euro.
(Capital.gr)