ECONOMY

Index slides below 1,900; OTE still falling

Equities fell 1.79 percent yesterday, below 1,900 points, under the weight of sliding European bourses and steep losses in index heavyweight OTE Telecom. Greece’s largest company by market capitalization, OTE lost 3.02 percent to 11.56 euros, on lingering concerns the group would lose its edge in the face of growing domestic competition and lackluster foreign investments. «A combination of selling pressure in OTE and weak foreign markets brought on more losses in the benchmark index,» said analyst Manos Mavrogenis at Laiki Attalos Securities. The Athens benchmark general index trimmed earlier losses to end off 1.79 percent at 1,898.49 points. Blue chips on the bourse’s FTSE/ASE index lost 1.85 percent to 969.07 points. Mid-caps lost 1.68 percent, while small-caps fell 2.26 percent. Turnover was 100.15 million euros on 25.8 million shares traded. Losers beat winners 302 to 37, while 24 shares were unchanged on 363 traded. (Reuters) IT company Knowledge, a member of the LogicDIS group, and the Central Union of Chambers of Commerce (KEEE), developed and began the pilot operation of the e-BOSS (electronic Business One Stop Shop) Internet portal, it was announced on Tuesday. E-BOSS is a business-to-business portal with a database providing information for 140,000 Greek companies, more than 2,200 sector exhibitions in Greece and abroad, 50 sector studies and 200 offers for business cooperations.