Mar 16 • 08:48 UTC 🇬🇷 Greece Naftemporiki

Stock Exchange: Volatility due to oil - What is happening on the board

The Athens Stock Exchange is experiencing significant volatility amidst escalating oil prices and ongoing tensions in the Middle East.

Today, the Athens Stock Exchange is displaying signs of considerable volatility as the situation in the Middle East shows no immediate signs of de-escalation. The price of Brent crude oil is approaching $105 per barrel, while West Texas Intermediate (WTI) is also trading above the psychological threshold of $100 per barrel. This rising oil price poses a risk of a new inflation wave, which is dampening investors' appetite for new risks.

In this turbulent environment, the General Index has fallen by 0.57%, resting at 2,120.26 points after losing 12 points from Friday's close of 2,132.56 points. Daily fluctuations have varied within a range of 17 points (from 2,120.26 to 2,137.47). The trading volume stands at 11.6 million euros, which includes 1.4 million euros from pre-agreed packages.

Since the onset of the war, the primary stock index has declined by more than 6.3%, resulting in a total loss of 9.8 billion euros. This continued downturn reflects the broader implications of geopolitical conflicts, particularly those affecting oil supply and price stability, signaling potential concerns for the economic outlook in Greece and investors' confidence in the market.

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