Stockholm stock market falls as oil prices surge on Middle East tensions

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Stockholm stock market falls as oil prices surge on Middle East tensions
Photo: Christine Olsson/TT

The broad OMXS index had fallen 0.8 percent by the close.

Truck manufacturer Scania's owner Traton slowed the decline with a share price increase of 10.9 percent after an interim report with unexpectedly strong order intake.

At the other end, forestry company Stora Enso weighed on the index with a decline of 9.3 percent.

Among the losers among the most traded stocks were mining company Boliden, down 4.2 percent, and tissue manufacturer Essity, down 2.3 percent.

The price of North Sea oil (Brent) rose during the day by more than 7 percent to just over $100 per barrel, after the Iran-backed Houthi movement in Yemen shelled oil tankers in the Red Sea.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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