The Athens Stock Exchange posted losses on Thursday, with the high-capitalization index falling 1.45% and the mid-cap index dropping 0.65%, according to Naftemporiki.

The sell-off reflects broadening risk aversion as investors navigate escalating geopolitical tensions in the Middle East and await the European Central Bank’s policy decision.

Oil prices and the Athens Exchange (STMPA.PA) were at the center of trading activity.

Rising crude benchmarks, driven by fears of supply disruption from the Middle East, weighed on market sentiment.

The energy complex’s volatility has become a key driver for European equities, with Greek markets particularly sensitive to shifts in risk appetite and energy costs.

The Athens decline mirrors a wider retreat in global equities.