The Greek stockmarket exploded following talk that Greece and international creditors were working towards reaching a compromise agreement by Monday. Greece and its creditors in the Eurozone took modest steps to bridge differences, even though a deal still seems far away.

The Athens Stock Exchange’s general price index stood at 909.29 points on Friday, increasing by 6.55% at 11 a.m., and turnover at 38.165 million euros. Bond yields appear to be gradually deescalating with 10-year bonds dropping 9.05% and the three-year bond at 14.89% with the 5-year bond at 12.97%. Heavily traded stocks went up 7.55%.

Bank shares noted the biggest gains (+16.03%), Telecoms (+8.20%), Financials (+8.66%), and Utilities (+7.37%). The only sectors with losses was that of Chemicals that dropped 1.18%.

66 of the stocks traded went up, 8 fell and 4 remained unchanged.