Share prices on the Athens Stock Exchange plunged by 4.38% at the start of trading on Monday, mirroring a broader sell-off in European and international markets.
The market dropped below 1,400 points, driven by escalating concerns over a potential U.S. recession that sent European stock markets to a six-month low and Japan's Nikkei tumbling 12.4%—the largest drop in its history.
By 11:00 AM, the basic share price index had fallen to 1,368.26 points with a turnover of 28.14 million euros. The FTSE/ASE Large Cap index, which tracks blue-chip and heavily traded stocks, was down 4.69%, while the FTSE/ASE Mid Cap index decreased by 4.52%.
Out of the stocks traded, none showed gains, 92 declined, and 9 remained unchanged.
(Source: Amna)