The Thebes Times

Business – Stock Market

Royal Deaths Causing Stock Prices to tumble

THEBES
The Thebes stock market closed weaker last night despite gains by the two major banks. Gains from the banks came due to better than expected Thebes consumer confidence and retail sales data out of the Athens. Weapon stocks higher following the recent Argos - Thebes conflict induced a rise in these goods. However, clothing shares have been hit on concerns about the need for discounting to bring out buyers. The THS (Thebes) index dropped by 400 points to 2500. Industrials were mixed, with building materials group Thebie Inc easing 9.4% to 108.24. 

“The recent deaths has caused the THS to fall to a new 52 week low, people don’t know what effect this will have on Thebes, so they are pulling out of stocks,“ said stock expert George Dimitriou. 

“We are in ecomonic turmoil, with out a solid leader our stock market will not rebound. A strong leader will reshape the market to what it was in the past,“ said economist Zac Zinifanos.

Stocks were also down in Athens amid mixed data on prospects for the economy. Falling 250 points to 4200 the Athens market also took a hit from troubling news out of Thebes.