UK stocks : FTSE 100 index up 0.5 pct
However, volume was low at 55 percent of the average 90 day volume, as many investors stayed out of the market after the U.S. Thanksgiving holiday ahead of a crucial meeting on Monday that will tackle the Greek debt crisis.
The International Monetary Fund has relaxed its debt-reduction target for Greece and only a 10 billion euro ($13 billion) gap remains to be filled before a vital aid instalment can be paid, Greece's finance minister said on Friday.
Volumes have been pretty lacklustre but there seems to be some optimism ahead of Monday and on a solution for the fiscal cliff, Atif Latif, Director of Trading at Guardian stockbrokers, said in an e-mail.
Also risk on has been apparent since the Chinese PMI data earlier this week and this has allowed miners to move back up on heavier volume, he said, referring to what he perceived to be a greater appetite for risky assets.
Although the short term outlook was better because of the U.S. holiday and a lack of economic data, he said traders remained concerned on the outcome for Europe and the low growth environment we are faced with.
The FTSE 100 index closed up 28.11 points, or 0.5 percent, at 5,819.14, taking gains for the week up to 3.8 percent, beating the year's
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