Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Athens Stock Exchange sinks to three-year low

by | May 25, 2021

Athens Stock ExchangeAthens:(IANS) The Athens Stock Exchange general price index dropped to a three-year low on Monday amid uncertainty over the forthcoming snap general elections in Greece and developments in global economy.

The index closed at 568.38 points, down by 10.54 percent from Friday. During Monday’s trading it had briefly sank to 562.87 points (11.4 percent), Xinhua reported.

On June 25, 2012, when the country was experiencing a second general election within two months, the general price index had closed at 566.79 points.

This time, financial analysts in Athens attributed the major losses to the investors’ concern over domestic political developments, as well as for concern over developments in the global economy following the dramatic dive in the Chinese stock markets and other markets internationally.

Last week, Tsipras resigned as prime minister Alexis in order to force national polls after January’s general elections.

Amidst fears that political uncertainty could drag on if a new stable ruling coalition does not emerge from the ballot, the hardest hit market sector in Monday’s stock trading was the ailing banking sector (22.67 percent decline).

The Athens Stock Exchange general price index from the start of this year has already suffered net losses of 31.2 percent, according to the Greek national news agency AMNA.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Top Hamas leader Ismail Haniyeh killed in Israeli strike in TehranTop Hamas leader Ismail Haniyeh and one of his bodyguards were killed in an attack in Tehran on Wednesday. According to a statement by Hamas, an “Israeli strike” targeted the Palestinian official, who...

List of richest countries in the world in 2024

List of richest countries in the world in 2024

India, which ranks fifth in the list of countries by Gross Domestic Product (GDP), lags far behind in the list of the world’s richest nations based on GDP per capita in 2024. Luxembourg leads this list. According to data from the International Monetary Fund (IMF),...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *