The Athens Stock Exchange benchmark index recovered sharply on Wednesday, reclaiming the 2,500-point level as investor sentiment rebounded despite escalating tensions between the United States and Iran.
The rally was broad-based but led by the energy sector, with shares of Hellenic Petroleum (ELPE) and Motor Oil posting significant gains.
Market participants appeared to discount the risk of a wider conflict in the Middle East, focusing instead on near-term supply dynamics and corporate fundamentals.
The resilience of the Greek market stands in contrast to broader global caution, where geopolitical uncertainty has often triggered risk-off flows.
In Athens, however, the energy names acted as a catalyst for the broader index recovery.
ELPE and Motor Oil, both sensitive to crude oil price movements and regional stability, saw buying interest return as traders assessed the likelihood of a sustained supply disruption.