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Milan stocks close slightly higher, after early surge

Energy companies boosted by rebels' assault on Tripoli

22 August, 18:16
Milan stocks close slightly higher, after early surge (ANSA) - Milan, August 22 - Milan stocks finished slightly higher on Monday, boosted by gains in energy companies with links to Libya as rebel forces swept into the capital Tripoli.

The FTSE Mib index closed up 1.78% at 14,861 points as shares in Eni, the Italian energy giant, rose nearly 6.88% and Ansaldo, a Finmeccanica subsidiary with energy interests, gained 7.05%. Other European markets also recorded slight gains with London shares rising 0.89%, Paris up 1.09% and Frankfurt's stock index rising only 0.42% World leaders including Italian Prime Minister Silvio Berlusconi called for Muammar Gaddafi to surrender amid reports of an impending attack on his bunker Bab Azaziya in Tripoli expected late Monday.

Rebels seized control of much of the city on Sunday and Italian officials estimate only 10-15% of Tripoli remains in the hands of government forces.

Earlier on Monday Frattini said that Eni technicians were working with Libyan insurgents in Benghazi to reactivate oil installations shut down by the military conflict.

The European Union is preparing a post-Gaddafi plan for Libya and also called for him to resign "without further delays".

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