ECONOMY

Increasing likelihood of Syria attack sends stocks into retreat

Greek stocks came under stronger pressure on Tuesday, as the increased likelihood of an attack on Syria added to investment risks in the region. The mood was also subdued elsewhere in Europe and prospects on the internal economic front did not appear any rosier.

The Athens Exchange (ATHEX) general index tumbled 4.08 percent to 881.35 points. All 25 large-caps ended with losses, with the banking index shedding 4.80 percent. National Bank – the leader in turnover – was 5 percent down at 2.85 percent.

OTE telecom dived 4.48 percent to 6.61 euros, Public Power Corporation (PPC) plunged 6.56 percent to 6.98 euros and Piraeus

Bank gave up 3.98 percent to close at 0.99 euros. Betting firm OPAP was 3.23 percent lower at 7.20 euros. Turnover came to 46.80 million euros.