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Spanish stock market ends week with gains

Xinhua, May 21, 2016 Adjust font size:

The Spanish Ibex-35 stock exchange ended Friday's trading with gains of 1.11 percent on the day as it closed the week on 8,771.20 points, a weekly gain of 0.57 percent.

The day's trading, which was in line with the main European markets, saw the Ibex move between a range of 8,654 and 8,775 points as it has done for the past fortnight.

This is mainly due to the political uncertainty caused by the forthcoming Spanish general election scheduled for June 26, just three days after Britons vote on whether or not their country should remain inside the European Union.

Despite the uncertainty, Friday was generally a positive day for Spanish companies, with only three: IAG, Bankia and Indra seeing their share prices fall slightly during the day's trading.

Grifols, Inditex and Enagas were the best performers, although they were the only three companies to see rise by 2 percent or over on the day.

Meanwhile the Spanish Risk Premium ended the week on 140.20 points, a slight (0.07 percent down on Thursday's close), while the interest in the Spanish 10-year-bond stood at 1.57 percent. Endit