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Following share price recovery in Asia, the London stock market rose to 4,431.43 points at the start of trading, reports AFP.
This was up 1.48 per cent, after Wednesday trading saw fluctuations as a result of efforts by central banks in Europe and the USA to stabilise financial markets.
Stocks and shares in high street banks in the UK benefited from the government's rescue plan.
The Press Association noted an increase in 16 per cent for HBOS shares and 19 per cent in shares of Royal Bank of Scotland.
Meanwhile, one dealer speaking to the news agency suggested market volatility is set to continue for some time.
Matt Buckland of CMC Markets said there is "great reliance" on a reduction in interbank rates.
He added that "real progress" in this area is needed in order to restore normality in equity markets.
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