Poland stocks higher at close of trade; WIG30 up 0.31%

Poland's stock market rose on Monday, with the WIG30 index climbing 0.31% by the close in Warsaw. The Basic Materials, Chemicals, and Information Technology sectors drove the upward movement. KGHM Polska Miedz SA led the gains, surging 4.69% or 16.05 points to reach 358.40. Asseco Poland SA and Cyfrowy Polsat SA also outperformed, jumping 2.66% and 2.40%, respectively.

Conversely, Synektik, Pepco Group Nv, and Erste Bank Polska SA had the weakest performances, falling 4.95%, 1.91%, and 1.46%, respectively. This marked a trend where more stocks fell than rose on the Warsaw Stock Exchange, with 279 stocks down and 251 up. Only 112 remained unchanged. Crude oil prices for October delivery dropped 2.77% to $84.65 per barrel, while Brent oil for November delivery slipped 2.41% to $90.44.

Gold Futures for December rose 1.05% to $4,729.89 per troy ounce. Exchange rates remained stable, with EUR/PLN and USD/PLN unchanged at 4.31 and 3.69, respectively, and the US Dollar Index Futures increasing by 0.15% to 98.88.