Poland stocks higher at close of trade; WIG30 up 1.48%

Polish stocks closed Friday with an increase, propelled by gains in the Basic Materials, Energy, and Oil & Gas sectors. The WIG30 Index rose by 1.48%. The top performers were Jastrzebska Spolka Weglowa SA, which surged 6.44%, and PGE Polska Grupa Energetyczna SA, up 6.23%. KGHM Polska Miedz SA also saw a 5.68% rise. Conversely, Kruk SA saw a decline of 7.72%, while Bank Millennium SA and Powszechna Kasa Oszczednosci Bank Polski SA also dropped.

Shares in Kruk SA hit a 3-year low, and PGE Polska Grupa Energetyczna SA reached a 5-year high. Commodity prices saw an uptick as well, with crude oil for November delivery climbing 0.69% to $92.12 per barrel, Brent oil for December delivery increasing 0.61% to $104.92, and the December Gold Futures contract rising 1.39% to $4,214.72 per troy ounce.

Exchange rates also fluctuated, with EUR/PLN rising to 4.39 and USD/PLN up to 3.92, alongside a 0.15% increase in the US Dollar Index Futures.