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Greek Stocks Snap Seven-Day Loss: Fourlis Holdings, Motor Oil Hellas Move

The ASE Index rose 0.67, or 0.1 percent, to 1,434.89 as of 11:45 a.m. in Athens, snapping seven days of losses.

The FTSE/ASE 20 Index of the country’s biggest companies gained 0.3 percent to 676.53, while the Cypriot General Index advanced 0.2 percent to 1,069.3.

The following stocks are among the most active in Athens trading today. Symbols are in parentheses.

Fourlis Holdings SA (FOYRK GA) lost 3.5 percent to 7 euros, snapping a three-day advance. The Ikea franchise holder for Cyprus, Bulgaria and Greece had its share-price estimate cut to 8.30 euros from 10.30 euros at HSBC Holdings Plc.

Motor Oil Hellas SA (MOH GA) advanced 1.7 percent to 7.32 euros, paring a 3.4 percent drop yesterday. Greece’s second- biggest refiner completed its acquisition of Royal Dutch Shell Plc’s Greek operations and liquid-gas unit for 245.6 million euros ($299.9 million), according to an Athens bourse filing.

To contact the reporter on this story: Natalie Weeks in Athens nweeks2@bloomberg.net.

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