Portugal’s benchmark PSI index advanced 0.44% at the close of trade on Friday, lifted by gains in the financials, utilities and telecoms sectors.
Advancing stocks outnumbered decliners by 14 to 10, with five issues unchanged. The Lisbon exchange’s main gauge has recovered from recent lows, though broader European equity benchmarks showed mixed performance.
Banco Comercial Português led sector gains, rising 1.17% to 1.12, marking a five-year high. Renewable energy firm EDP Renovaveis added 0.73% to 13.83, while cork producer Corticeira Amorim gained 0.71% to close at 7.07.
Decliners included hospitality group Ibersol, which fell 0.58% to 10.36, and Jerónimo Martins, down 0.17% at 17.97. Teixeira Duarte ended flat at 0.48.
Commodities moved lower during the session. Brent crude for November delivery declined 0.63% to $87.96 a barrel, while October-delivery U.S. crude fell 0.56% to $83.06. December gold futures dropped 2.15% to $4,563.84 per troy ounce.
The euro weakened 0.51% against the dollar to 1.16, while the U.S. Dollar Index futures rose 0.47% to 99.55. The pound held steady versus the euro, with EUR/GBP flat at 0.86.
