The Cyprus Stock Exchange experienced a significant drop of 6.86% on Monday, mirroring the substantial losses seen in international markets. This decline comes amid growing fears of an impending U.S. economic recession and escalating tensions in the Middle East. The General Index of the Stock Exchange closed at 160.68 points.

The FTSE/CySE 20 Index also closed sharply lower, ending at 97.77 points, a decline of 6.92%. The daily trading volume surged to €1,219,253 due to heavy stock liquidations.

Among the specific indices, the Main Market fell dramatically by 7.64%, Hotels decreased by 1.19%, the Alternative Market dropped by 3.52%, and Investment Companies plunged by 6.17%.

The most actively traded stock was Bank of Cyprus with a transaction volume of €479,540, closing at €3.85 per share, down by 8.11%. Other significant trades included Demetra Investment, with a volume of €256,212 and a closing price of €1.19 per share, down by 6.30%; Hellenic Bank, with a volume of €208,227, closing at €3.16 per share, down by 9.43%; Logicom, with a volume of €87,620, closing at €3.00 per share, down by 5.06%; and Vassiliko Cement Works, with a volume of €62,293, closing at €3.44 per share, down by 6.01%.

Of the stocks traded, 2 advanced, 17 declined, and 6 remained unchanged. The total number of transactions amounted to 492.