Greek equities make a significant comeback as nine companies, including four major banks, are set to join the Stoxx Europe 600 index on September 21. This inclusion coincides with Greece's official reclassification as a developed market, ending a decade-long status as an emerging market following its debt crisis. The promotion marks a major milestone for the Athens exchange, allowing local firms to compete alongside established European giants from countries like the UK, Germany, and France.

Alpha Bank and other Greek lenders are among the beneficiaries of this index reshuffle. The move is expected to increase foreign investment and improve liquidity for Greek stocks. Analysts view the promotion as a validation of Greece's economic recovery and structural reforms.

The Stoxx Europe 600 index is widely tracked by global fund managers seeking diversified exposure to the region.