Greek stocks clear key test ahead of developed market upgrade

National Bank of Greece, Eurobank, Piraeus Bank, Alpha Bank and Opap have passed an MSCI simulation test as Greece moves closer to an upgrade from emerging to developed market status.

The successful simulation means the five stocks are expected to make up the MSCI Greece index once the Athens Stock Exchange is upgraded.

According to a report by Morgan Stanley, the upgrade is expected to strengthen Greece’s position in international markets, while increased demand from developed...