Hopes for an end to
Photo: Claudio Bresciani/TT

Hopes for an end to the war send Stockholm stock market up

The Stockholm Stock Exchange started the trading week clearly up across the board amid hopes for a deal between the US and Iran.

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At closing, the OMXS index had risen 1.5 percent.

The Stenbeck sphere's powerhouse, Kinnevik, rose 4.6 percent after the announcement that Helena Saxon - CFO of Investor - will take over as CEO in August.

The hope for a peace settlement between the US and Iran, which could normalize shipping through the Strait of Hormuz, characterized trade despite continued conflicting signals.

The price of crude oil and natural gas fell significantly; at 5:30 p.m., a barrel of North Sea oil was trading at just over $97.

The OMXS index has risen 6.6 percent since the turn of the year.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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