ECONOMY

Greek shares drop below 2,300 points

Across-the-board losses led Greek equities more than 1 percent lower yesterday, below 2,300 points, under the weight of weak European markets. The Athens benchmark general index fell 1.02 percent to 2,295.93 points. The market ended the week marginally lower, off 1.63 points. Telecoms eased 1.24 percent with index heavyweight OTE Telecom closing 1.22 percent lower at 17.74 euros. Banks fell 1.13 percent and National Bank, another index heavyweight, shed 1.25 percent to 22.12 euros. EFG Eurobank fell 1.42 percent to 13.86 euros. Deutsche Bank’s Chief Executive Josef Ackermann said the German bank has no plans to raise its 10-percent holding in EFG Eurobank. The bourse’s FTSE/ASE-20 blue chip index dropped 1.07 percent to 1,211.11 points. Mid-caps slipped 0.72 percent and small-caps lost 1.40 percent. Turnover was 77.63 million euros on volume of 14.5 million shares. Losers beat winners 268 to 55, while 32 shares were unchanged on 355 traded. (Reuters) NBG in Yugoslavia