Mexico's IPC index falls 1.2 pct on Cemex tumble

MEXICO CITY Sat Sep 1, 2012 1:19am IST

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MEXICO CITY Aug 31 (Reuters) - Mexico's IPC stock index fell more than 1.2 percent on Friday afternoon as shares in Mexican cement maker Cemex tumbled just over 3 percent.

The index fell by 1.24 percent while Cemex shed 3.36 percent.

Cemex, one of the world's biggest cement companies, suffered badly during the 2008 U.S. housing crisis, but recently secured a debt refinancing deal. (Reporting by Gabriel Stargardter)