Stocks staged a rebound at midday, after a four-session losing streak, with banks trying to recover some of the lost ground. European markets were slightly lower amid prospect of higher for longer interest rates. 

At 1418 local time, the general share index was gaining 1.5% to close at 1218 points. 

Banks were 3.9% higher, with Eurobank rising 5.7%, Alpha and Piraeus +3. 

Also, Jumbo was up 4.2%, following the release of a robust first half performance and the surprising announcement for an extraordinary cash payment of 1.47 euros per share.