Economy

Ibex falls 3.1% for the week, retreats to June levels

The Ibex-35 closed the week down 3.1%, its worst performance since April, after being hit by the escalation of the conflict with Iran. The index ended at 19,085.3 points, its lowest level since mid-June.
Ibex falls 3.1% for the week, retreats to June levels

Despite this, Spain’s benchmark stock index rose 0.42% in Friday’s session, its only gain of the week. In fact, it had fallen 2.16% in the previous session, its biggest drop since July 8, in a session marked by the escalation of the conflict with Iran. Before that, it fell 0.46% on Wednesday, 0.42% on Tuesday and 0.5% on Monday.

ACS LEADS GAINS AND REPSOL LOSSES

In the week’s final session, ACS stood out with a 3.2% rise, followed by Sacyr, which gained 2.52%, and Merlin Properties, up 1.58%. At the other end, among the eight stocks that closed in the red, Repsol suffered the biggest losses, falling 2.62%, followed by Unicaja, which lost 1.88%, and Puig, which declined 0.9%.

Among the Ibex’s major stocks, Iberdrola gained 0.43%, Inditex 0.34% and Caixabank 0.04%. Meanwhile, BBVA fell 0.34% and Santander 0.03%.

About this article: Originally published in Spanish by AragonDigital.es and—following a selection process by our journalists—made available to the international audience of AragonDaily.com. Both newspapers belong to companies within the ARAGON DIGITAL GROUP.