Stock Markets April 17, 2026 11:35 AM

Warsaw benchmark closes at record high as materials, banking and tech stocks gain

WIG30 advances 1.60% with KGHM leading winners while energy names lag; commodity and currency moves accompany the rally

By Maya Rios
Warsaw benchmark closes at record high as materials, banking and tech stocks gain

Poland's stock market finished higher on Friday, with the WIG30 index rising 1.60% to a new all-time high as Basic Materials, Banking and Information Technology sectors supported gains. KGHM led the index higher, while several large energy companies closed lower. Commodity markets posted notable moves, including steep declines in crude oil and Brent, and a rise in gold futures. EUR/PLN and USD/PLN both edged lower and the U.S. Dollar Index Futures slipped.

Key Points

  • WIG30 rose 1.60% to a new all-time high, led by Basic Materials, Banking and Information Technology sectors.
  • Top WIG30 gainers included KGHM (up 5.92% to 341.65), CD PROJEKT (up 3.85% to 288.40), and Rainbow Tours (up 3.76% to 154.40).
  • Energy sector shares underperformed: PKN ORLEN fell 4.34% to 124.02, Enea declined to 23.60, and PGE ended at 10.55; commodities and currency moves accompanied equity action.

Poland's equity market closed higher on Friday, led by strength in Basic Materials, Banking and Information Technology stocks, as the WIG30 finished the session up 1.60% and recorded a fresh all-time high.

At the close in Warsaw, KGHM Polska Miedz SA (WA:KGH) was the top performer on the WIG30, jumping 5.92% - a gain of 19.10 points - to finish at 341.65. CD PROJEKT SA (WA:CDR) added 3.85% or 10.70 points to end the day at 288.40, and Rainbow Tours SA (WA:RBW) rose 3.76% or 5.60 points to close at 154.40.

On the downside, Polski Koncern Naftowy ORLEN SA (WA:PKN) posted the steepest decline on the index, dropping 4.34% or 5.62 points to finish at 124.02. Enea SA (WA:ENAE) declined 3.04% or 0.74 points to 23.60, and PGE Polska Grupa Energetyczna SA (WA:PGE) fell 1.95% or 0.21 points to close at 10.55.

Market breadth on the Warsaw Stock Exchange favored advancers, with 321 stocks rising versus 217 that fell; 103 issues finished unchanged.

Shares of CD PROJEKT SA (WA:CDR) climbed to five-year highs, increasing 3.85% or 10.70 points to reach 288.40 at the close.


Commodities experienced notable volatility during the session. Crude oil for May delivery declined 12.22% or 11.57 to $83.12 a barrel. Brent crude for June delivery slipped 10.47% or 10.41 to $88.98 a barrel. Precious metals moved in the opposite direction, with the June Gold Futures contract rising 1.81% or 87.06 to trade at $4,895.36 a troy ounce.

In currency markets, EUR/PLN fell 0.15% to 4.22, while USD/PLN was down 0.40% to 3.58. The US Dollar Index Futures decreased 0.37% to 97.67.


The session demonstrated divergent sector performance: gains were concentrated in Basic Materials, Banking and Information Technology, while major energy names underperformed. The market closed with a clear tilt toward advancing issues, and the WIG30 securing a record closing level.

Risks

  • Sharp declines in crude and Brent prices - which fell 12.22% and 10.47% respectively - may create volatility for energy-sector firms such as PKN ORLEN, Enea and PGE.
  • Concentration of gains in Basic Materials, Banking and Information Technology suggests sector-specific risk if those groups reverse, which could weigh on the WIG30.
  • Movements in EUR/PLN and USD/PLN, which fell to 4.22 and 3.58 respectively, could affect exporters and importers sensitive to currency shifts.

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