68 69
The Federation of Euro-Asian Capital Markets
About Company
Athens Stock Exchange
Established: 1876
Chairman: Mr. George Handjinicolaou
Address: 110 Athinon Avenue, 104 42,
Athens, Greece
Contact person: Nikolaos Porfyris
Email: N.Porfyris@athexgroup.gr
Website: www.athexgroup.gr
- Joined FEAS in 2017-
Yianos Kontopoulos
Chief Executive Officer
ATHEX delivered exceptional performance, with the Composite Index recording gains of 44.3%, placing the market among the top-performing equity markets globally. Performance in 2025 was broad-based, driven not only by strong bank stocks but, notably, by robust gains across real economy sectors.
Market activity in 2025 was characterized by elevated trading volumes, record participation by international investors, significant equity placements and capital increases, and a historic high in cash distributions to shareholders.
The full recovery of Investment Grade status in 2025 served as a cornerstone of the Athens Stock Exchange's remarkable performance in 2025. Its achievement has not only boosted valuations but has permanently expanded the pool of available capital, setting the stage for the market’s upcoming transition to Developed Status.
In 2025, the Greek equity market was announced for upgrade to “Developed Market” status by S&P Indices (July) and FTSE Russell (October), underscoring the market’s enhanced depth, liquidity, and institutional quality, with implementation scheduled for 2026.
While the technical rebalancing occurs in 2026, the market has already entered a 'pre-integration' phase, characterized by deep institutional engagement and a fundamental re-rating of Greek assets.
Strategic Impact & Benefits for ATHEX:
- Access to Global Capital: Unlocks trillions in AUM from global funds mandated to invest exclusively in Developed Markets.
- Expansion of Investor Base: Diversifies the shareholder mix by attracting high-quality, long-term institutional "strong hands."
- Validation of Structural Reforms: Serves as a definitive "seal of approval" for Greece’s decade-long economic and market modernization.
- Increased Passive Inflows: Triggers mandatory buying from massive index-tracking ETFs following the FTSE and S&P Developed indices.
- Enhanced Corporate Visibility: Boosts global analyst coverage and places Greek listed companies on the radar of international portfolio managers.
- Synergy with Investment Grade: Solidifies Greece’s dual-status as a developed jurisdiction for both sovereign debt and equity markets.
Year in review