Following a two-week truce announcement in the Middle East, Warsaw’s main stock indices, WIG and WIG20, gained approximately 3% on Wednesday.
Stock Market Gains Following US-Iran Truce
After the announcement of a two-week ceasefire in the Middle East, the main indices of the Warsaw Stock Exchange – WIG and WIG20 – gained around 3% on Wednesday.
At Wednesday’s opening, the WIG20 index, comprising the 20 largest companies, stood at approximately 3,526 points, increasing by over 3%. The broader WIG index reached around 128,899 points, with gains of nearly 3%.
KGHM Rises, Orlen and JSW Fall
On the opening of the session, Orlen shares declined by over 6% to approximately 126 zł per share. Declines also affected Bogdanka (over 17%) and Jastrzębska Spółka Węglowa (JSW), which lost 12%.
Significant Gains for KGHM and Other Companies
KGHM shares increased by over 9%, trading at around 303 zł per share. Allegro, PKO BP, mBank, Santander Bank Polska, Pekao, Modivo, and Budimex also saw increases of 5-6% in their share prices.
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