With a mild increase of 0.42%, the stock market closed the week ending, with the market not being able to follow the strong upward momentum of the international markets.

The Fed pushed hard on interest rates and cut them after four years by half a percentage point, now launching an aggressive monetary policy, and the Dow Jones and S&P 500 indices climbed to new record highs on Thursday, while a significant rise the major European Stock Exchanges also registered.

In its first interest rate cut since 2020, the Fed went ahead “aggressively” by choosing to reduce borrowing costs by 50 basis points, confirming market expectations that it would make a significant move to avoid a significant market slowdown work in the US.

Thus, now the key interest rate of the US Federal Reserve is formed in the range of 4.75%-5.00% from 5.25%-5.50% that had been formed in July 2023, when the Fed had moved to the last raising its interest rates by 25 basis points in order to rein in inflation that has derailed due to the consequences of the coronavirus pandemic.

The General Price Index closed the week at 1,425.19 points, compared to 1,419.24 points the previous week, marking a weekly increase of 0.42%, while since the beginning of the year it has recorded gains of 10.21%.

The FTSE/ASE 25 large-cap index closed the week up 0.42% and since the start of 2024 is up 10.66%. The FTSE MID mid-cap index closed up 1.16% for the week, up 3.90% year-to-date.

The banking index closed the week with a slight increase of 0.29%, while since the beginning of 2024 it has gained 14.91%.

The total value of transactions in this week’s sessions was €576.081 million, while the average daily value of transactions was €115.216 million compared to €88.516 million last week.

The total market capitalization this week increased by 213 million euros and reached 98.171 billion euros, while since the beginning of the year it has increased by 10.283 billion euros.