Stockholm Stock Exchange starts week
Photo: Fredrik Sandberg/TT

Stockholm Stock Exchange starts week lower as oil prices rise on Iran conflict escalation

The Stockholm Stock Exchange started the week's trading lower. At the close, the broad OMXS index had fallen 0.8 percent, in line with several stock exchanges around the world.

The escalation in the war in Iran, with attacks from the United States and counterattacks from Iran, is causing oil prices to rise, which is being used to explain the market mood.

On the OMXS30 list of the most traded stocks, engineering company Sandvik fell the most, down 2.2 percent. Wallenberg Circle venture capital company EQT and mining giant Boliden also had a tough day, down 1.7 and 1.5 percent respectively.

At the other end of the scale is forestry company SCA, which rose 0.6 percent.

The school group Academedia released interim figures and the share rose 3.5 percent.

At the close in Stockholm, the London stock exchange had risen while Frankfurt and Paris were down. In New York, all three major indexes are down.

The futures price for North Sea oil has risen 2.5 percent during the day, to $90.35 per barrel.

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