ECONOMY

Piraeus drags index below 1,000 points

The Greek stock market’s benchmark index tumbled below the 1,000-point mark on Thursday after 17 sessions on skepticism regarding the terms set by Piraeus Bank for its share capital increase.

The Athens Exchange (ATHEX) general index closed at 994.87 points, giving up 1.37 percent from Wednesday’s 1,008.72 points. The large-cap FTSE/ATHEX-25 index contracted by 1.48 percent to end at 335.29 points.

Piraeus recorded a 27.45 percent decline, while Eurobank fell 25.12 percent. Hellenic Petroleum, which reported a 49 percent yearly drop in pretax earnings (EBITDA) on Thursday, dropped 7.06 percent.

In total 49 stocks registered gains, 107 suffered losses and 18 stayed put.

Turnover climbed to 96.3 million euros, from 57.8 million on Wednesday, as National Bank returned to trading.