Lisbon, April 24, 2026 (Lusa) - The Lisbon stock market is trading lower on Friday morning, as 10 companies on the PSI (Portuguese Stock Index) fell, led by Mota-Engil, which dropped 2.3% to €4.68.
Around 9:25 a.m. in Lisbon, the PSI reversed its opening trend and fell 0.33% to 9,178.40 points. Ten companies fell, five rose and one remained stable (Semapa at €22.65). Shares in Teixeira Duarte and CTT followed Mota-Engil's decline. Teixeira Duarte fell 1.68% to €0.41, while CTT lost 1.41% to €6.32. BCP and Altri also fell more than 1%, dropping 1.2% to €0.87 and 1.12% to €4.85, respectively.
Navigator, Corticeira Amorim, and Sonae saw more moderate declines, dropping 0.65% to €3.35, 0.45% to €6.57, and 0.21% to €1.94.
Ibersol and Jerónimo Martins also fell 0.17% to €20.68 and 0.1% to €11.78.
Conversely, Galp rose 1.76% to €20.68, while EDP Renováveis and EDP both increased 0.29% to €13.72 and €4.54.
Galp announced on Thursday that its Sines refinery provides approximately 80% of jet fuel for Portugal’s airports and has an alternative plan for the remaining supply.
"In the current geopolitical context, procurement will prioritise jet fuel imports from the US, West Africa and Europe," an official source from the oil company told Lusa.
REN rose 0.13% to €3.76 and NOS increased 0.09% to €5.67.
The main European bourses opened in negative territory on Friday after US President Donald Trump announced a truce between Israel and Lebanon, though peace between Washington and Tehran remains elusive.
The euro remained at $1.1683 on the Frankfurt exchange market, unchanged from Thursday.
The price of Brent crude, the European benchmark, for June delivery rose 0.89% to $106.01.
Natural gas for May delivery on the Dutch TTF market, the European benchmark, rose 1.55% to €45.185 per megawatt-hour (MWh).
Uncertainty about the possibility of resuming Middle East peace negotiations will affect market performance in this session, as the market did not appear to welcome US President Trump's announcement to extend the Lebanon truce.
He said on social media that the truce between Israel and Lebanon would extend for three weeks and promised Washington would work with Beirut to help protect it from Hezbollah.
On Friday, Israel's Defence Forces (IDF) launched an attack against a rocket launcher they said had fired several times from Lebanon into Israeli territory.
The Strait of Hormuz remains blocked, driving up crude prices.
In Europe, the macroeconomic agenda includes Germany's business climate index, released by the Ifo institute (a Munich-based economic research group), which expects a deterioration due to the Middle East conflict’s impact on German companies.
MC/LYT // ADB.
Lusa
