Philenews

Cyprus Stock Exchange Plummets Amid Middle East Tensions

Published March 2, 2026, 14:10
Cyprus Stock Exchange Plummets Amid Middle East Tensions

The Cyprus Stock Exchange (CSE) experienced a significant decline in its first session of March, influenced by developments in the Middle East. The General Index fell by 3.26% to 280.24 points, while the FTSE/CySE 20 index recorded losses of 2.46% to 168.15 points. Losses were recorded in all sub-indices, with the Main Market falling by 2.97% and the Alternative Market sliding by 3.59%. The largest trading volume was recorded in shares of Bank of Cyprus, with a decrease of 2.17%, while Vasilikos Cement Works and Cyprus Cement Company also saw significant losses. The total value of transactions amounted to €1,473,571, indicating increased volatility and investor caution.