ECONOMY

Greek stocks open 1.38 percent down

greek-stocks-open-1-38-percent-down

The Athens stock exchange on Wednesday opened with a 1.38-percent drop in a turbulent week for Greek shares, after the end of a five-week shutdown sparked the biggest drop in the bourses history.

The ATHEX index stood at 650.81 points with analysts warily watching Greek banks, which took a beating in the last two days of trade.

The index on Tuesday finished 1.22 percent down after suffering its steepest ever fall of 16.32 percent on Monday when trading resumed after a five-week shutdown imposed by the country's debt crisis.

Banking shares have fallen close to the maximum 30 percent allowed for two straight days.

[AFP]