The fear index in the Greek market decreased in December 2024, according to the KEPE. The development of the index reflects a decrease in uncertainty about the expected short-term course of the Greek market compared to the end of the previous month, with fluctuations within the month.

The KEPE GRIV implied volatility index, or "fear" index, captures the uncertainty of derivatives market participants about the expected short-term course of the Greek market and is calculated on the basis of the prices of options in the FTSE/X.A. Large Cap index.

The price of the KEPE GRIV index decreased in December 2024, reaching 20.51% on 31/12/2024 from 22.31% on 29/11/2024 (see Chart 2). In addition, the average daily value of the index decreased, reaching 24.88% in December 2024 from 26.62% in November 2024. The index remained at a level below its historical average (since January 2004) for the Greek market, which is at 32.03%.