Motorola stocks decline after explosion of pagers in Lebanon

Shares post daily loss of 0.96%

By Ovunc Kutlu

ISTANBUL (AA) - American multinational telecommunications company Motorola saw its stock price decline after reported explosion of pagers in Lebanon.

Motorola stock price closed Thursday at $438.91 per share on the New York Stock Exchange, posting a daily loss of 0.96%, after ending Wednesday at $443.18 a share.

The explosions killed at least nine people, including a child, in different areas in Lebanon.

Lebanese Health Minister Firas Al-Abiad said 2,750 others were injured, including 200 who are in critical condition.

Hezbollah held Israel fully responsible for the wireless explosions and vowed “just retaliation from unexpected quarters.”

The Lebanese Health Ministry earlier urged all citizens who own the communication devices to immediately dispose of them.

Kaynak:

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