A report by Piraeus Securities refers to the catalysts for the rise of the domestic stock market. According to the analysts, the main factors that will lead to a rise in the market are:

• The growth of the Greek economy above the Eurozone average
• The reduction of public debt above the above-average level of the eurozone average.
• A change in the status of the Athens Stock Exchange to a "developed market"
• The growth of the banking sector due to the increase in profitability, dividends, and improvement in the quality of banks' assets
• The attractive valuations of banks

AT A DISCOUNT OF MORE THAN 20%

"The banking sector continues to trade at a discount of over 20% to its European peers in terms of P/TBVPS multiples. Also, high profitability on attractive multiples will be the other important element. We forecast a marginal decline in EPS (by around 1%) for the companies we track, which account for 85% of total market capitalisation in 2025, impacted by banks and refiners, followed by an 8% EPS increase in 2026," the analysts said. 

THE TOP PICKS

Apart from banks, analysts single out the following companies from the Athens Exchange:

• Titan, as its listing in the US and its sizes show a steady upward trend
• Motor Oil, due to its dividends and attractive valuation
• PPC because it has a strong business plan for growth and will increase its profits in the medium term
• Metlen, as it consistently creates value and has growth opportunities

From the small and mid-cap sector, it stands out:

• Briq Properties, because it has a diversified property portfolio and is growing steadily. It has a diversified portfolio and is well diversified and has a stable portfolio, while trading at a discount of around 40%.
• Ideal because of its growth story through acquisitions and its model