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Portugal stocks extend surge, up 10 pct on euro package

LISBON, May 10 (Reuters) - Portuguese stocks surged on Monday, led by soaring banking stocks, after the European Union and International Monetary Fund agreed a bumper rescue package to prevent a sovereign debt crisis from spreading. At 12:09 p.m. (1109 GMT) the country's main PSI20 stock index was 10.18 percent higher at 7,299 points. The index had opened about 7 percent higher. Bank stocks added the most points to the index, with Millennium bcp soaring 17.17 percent to 0.73 euros, Banco Espirito Santo jumping 14.22 percent to 3.47 euros, and Banco BPI up 10 percent at 1.672 euros. (Reporting by Shrikesh Laxmidas) Keywords: PORTUGAL/STOCKS (Lisbon Editorial; (351) 213-509-203; Reuters Messaging: chico.laxmidas@thomsonreuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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