Norway stocks higher at close of trade; Oslo OBX up 1.24%

Norway's stock market closed higher on Friday, with gains in various sectors driving the Oslo OBX index up 1.24%. Best performers included Subsea 7 SA, which surged 4.64% to reach 338.60, TGS NOPEC Geophysical Company ASA, up 4.17% to 135.00, and Frontline Ltd, which also rose 2.68% to 543.60. Conversely, the weakest performers were Telenor ASA, down 1.27% to 124.50, Norwegian Air Shuttle ASA, falling 1.16% to 11.06, and Nordic Semiconductor ASA, down 0.90% to 176.20.

On the Oslo Stock Exchange, rising stocks outnumbered falling ones by 177 to 78, with 28 remaining unchanged. Shares in Telenor ASA and Norwegian Air Shuttle ASA hit 52-week lows. Meanwhile, crude oil for November delivery climbed 0.40% to $91.86 a barrel, and Brent oil for December rose 0.40% to $104.70. Gold Futures for December increased 1.24% to $4,208.37 per troy ounce.

EUR/NOK appreciated by 0.07% to 10.72, while USD/NOK increased slightly by 0.08% to 9.57, and the US Dollar Index Futures rose 0.15% to 102.09.