Athens Stock Exchange Is On A Bullmarket

The Athens Stock Exchange is among the top 10 performing markets in the world for 2026. It has already recorded gains of over 10 percent, breaking through the 2,300-point level for the first time in 16 full years.

In fact, it is the 10th best-performing market globally in 2026.

And that is not all. Daily trading volume has surged, with transactions exceeding €200,000,000 on a regular basis. Bank stocks are leading the rally, while the FTSE 25 index, which is also tracked by the AETF ETF, is posting impressive gains as well. Market sentiment is particularly positive, and momentum appears to be strengthening as we approach key developments.

The market is clearly betting on Greece’s return to developed market status after roughly a decade. As the signs pointing to this possibility multiply, investor confidence continues to grow, both domestically and internationally. This positive sentiment is not merely a short-term wave of euphoria. There are solid fundamentals supporting this rally.

MORGAN STANLEY

In the spotlight, major investment houses are showing unprecedented optimism about Greece.

Leading the way is Morgan Stanley, which has issued an overweight recommendation for Greek equities. Its analysis highlights the country’s sustainable growth potential, noting that Greece is now firmly on the radar of investors from developed markets, not just as an opportunity, but as a serious investment case.

Morgan Stanley forecasts GDP growth of 2.1 percent in 2026 and 2.2 percent in 2027, nearly double the Eurozone average.

Most of this growth is expected to come from domestic demand and investments, supported by European funds and improving productivity. In addition, the stability of the banking system and improved access to financing are strengthening corporate profitability prospects.

BANK OF AMERICA

Bank of America is moving along similar lines. While it acknowledges short-term risks such as global uncertainty and geopolitical tensions, it maintains a positive stance on Greece and its outlook. BofA forecasts growth of 1.8 percent in 2026, driven primarily by private consumption, investment, and a steady decline in inflation, which is expected to fall from 2.7 percent in 2025 to 1.9 percent in 2026.

The bank emphasizes that Greece needs to transition from a recovery-driven growth model to a sustainable one based on productivity, innovation, and competitiveness. At the same time, it recognizes progress in fiscal discipline and structural reforms, which are reinforcing market confidence. Particular importance is placed on the full utilization of European funds, as approximately 65 percent of the total Recovery Fund package has been disbursed so far.

MSCI UPGRADE

As if all that were not enough, MSCI has officially announced the launch of a public consultation regarding the potential upgrade of Greece from an emerging market to a developed market. The process will run until mid-March, with the final decision expected to be announced by March 31. If everything proceeds smoothly, Greece’s inclusion in developed markets would take effect in August 2026. This development has mobilized significant investment capital, as funds prepare for index and ETF rebalancing that will once again include Greece.