ECONOMY

Stocks drop 6 pct for the week

The Greek bourse fell 0.81 percent on Friday on weak bank stocks as the government?s midterm plan aimed at restoring the country?s fiscal health failed to inspire buyers.

The Athens bourse?s benchmark general index ended at 1,252.38 points, falling just over 6 percent for the week.

The blue chip FTSE/ATHEX 20 index dropped by 1.12 percent to end at 558.39 points.

Banks gave up 2.31 percent, led by a 3.06 percent drop in National Bank to 4.75 euros.

Alpha Bank ended at 3.15 euros, off 3.67 percent, and Eurobank EFG retreated 2.59 percent to 3.01 euros.

ATEbank also underperformed, slipping 4.31 percent to 1.11 euros.

Construction group Ellaktor ranked among the winners, adding 2.19 percent to 2.33 euros. Power company PPC firmed 0.31 percent to 9.60 euros.

Turnover reached 74.06 million euros.