CSE roars, deficit at 3.9%
The Cypriot bourse roared to another record close, the highest in 3 ? years, with institutionals such as Deutsche Bank issuing strong ‘buy’ signals on BOC, while the state budget deficit hit 3.9% of GDP in the second quarter, according to the Financial Mirror issue 637, on September 21, 2005.
The Cyprus Stock Exchange broke a new high in three and a half years as the rally on banking shares showed no sign of cooling down. The main driver was Laiki, 5% up at CYP 1.69, its highest since August 2001. BOC saw a moderate 0.4% gain to CYP 2.34, driven mainly by interest in Athens, with a