Markets
Milan stocks up over 3 percent
MILAN : Italian stocks climbed more than 3.0 percent in Monday afternoon trade, led by shares of those companies acti
MILAN: Italian stocks climbed more than 3.0 percent in Monday afternoon trade, led by shares of those companies active in Libya as investors reacted to news of the imminent defeat of leader Moamer Qadhafi.
Milan's benchmark FTSE Mib index was up 3.35 percent at 15.091,28 points at 1250 GMT, with energy giant Eni and technology company Ansaldo STS leading the rise.
Oil major ENI, which was the biggest foreign energy producer in Libya before the conflict, saw its shares climb 6.65 percent to 13.31 euros.
Ansaldo STS, a subsidiary of industrial group Finmeccanica which specialises in railway and telecommunication infrastructure and had large contracts in Libya, shot up 6.70 percent to 6.05 euros.
Copyright AFP (Agence France-Presse), 2011
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