Spain Stocks Rise at Market Close; IBEX 35 Up 1.36%

Spain’s stock market closed higher on Thursday, driven by significant gains in various sectors.

In Madrid, the index climbed 1.36%, reaching a new five-year high.

ArcelorMittal SA was the standout performer of the session, surging 4.95% or 1.10 points to finish at 23.32. Grifols SA followed closely with an increase of 4.51% or 0.42 points, closing at 9.83. Puig Brands SA also enjoyed a positive session, rising 4.03% or 0.79 points to end at 20.40.

On the downside, Repsol experienced a decline of 0.94% or 0.11 points, closing at 11.60. Telefonica dropped by 0.34% or 0.02 points to finish at 4.42, while Redeia Corporacion SA fell 0.34% or 0.06 points, ending at 17.37.

Overall, advancing stocks outnumbered those that declined on the Madrid Stock Exchange by a margin of 142 to 43, with 28 stocks remaining unchanged.

Repsol’s shares hit a 52-week low, reflecting a drop of 0.94% to 11.60.

In commodities, Gold Futures for December delivery rose 0.12% or 3.20, reaching $2,687.90 per troy ounce. However, Crude oil for November delivery fell by 2.22% or 1.55, trading at $68.14 per barrel, and the December Brent oil contract decreased by 1.96% or 1.43, settling at $71.47 per barrel.

In the currency market, the EUR/USD was steady at 1.12, while the EUR/GBP remained unchanged at 0.83. The US Dollar Index Futures declined by 0.29%, sitting at 100.33.