Lisbon, Jan. 22, 2026 (Lusa) - The Lisbon stock market is trading higher on Thursday morning, with all PSI stocks rising, led by Ibersol, which is up 4.90% to €10.7.
At around 9:45 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was keeping its opening trend and rising 1.64% to 8,598.78 points, with all 16 stocks rising, after closing at a new high since January 2010 of 8,639.05 points on 16 January.
Ibersol shares were followed by Mota-Engil, NOS and Navigator, which were also on the rise, by 3.20% to €4.64, 2.64% to €4.28 and 2.02% to €3.23.
Following the same trend, EDP, CTT and Semapa shares were rising by 1.94% to €4.20, 1.91% to €6.94 and 1.62% to €1.76.
Jerónimo Martins and EDP Renováveis shares were up by 1.57% to €20.72 and 1.43% to €12.77.
Also rising by more than 1%, Altri and Corticeira Amorim shares were gaining 1.25% to €4.46 and 1.19% to €6.78.
Shares in BCP, REN and Teixeira Duarte were up by 0.95% to €0.89, 0.76% to €3.30 and 0.73% to €0.55.
The other two shares that were above the waterline were Semapa (+0.70% to €21.65) and Galp (+0.12% to €16.08).
The main European stock markets opened higher today, with gains of around 1%, driven by yesterday's announcement by US President Donald Trump of an agreement with NATO on Greenland.
Trump announced on Wednesday an agreement with NATO Leader Mark Rutte on Greenland, which will be "very good for the United States and all NATO countries," and suspended the threat of tariffs from 1 February against eight European countries.
Wall Street closed on Wednesday with gains exceeding 1%, while futures today point to moderate gains to 0.14% for the Dow Jones and 0.42% for the Nasdaq.
In the commodities market, Brent, the benchmark crude oil in Europe, for March delivery, is down 0.46% to US$64.95, and West Texas Intermediate (WTI), the benchmark in the US, is also down, by 0.31% to US$60.43.
Precious metals continue to act as a refuge from geopolitical risk, and the price of gold soared to new historic highs.
The price of gold, historically considered a safe haven asset in times of uncertainty, continued to rise today, with an ounce trading at US$4,828.65, a new all-time high, compared to US$4,826.46 on Wednesday.
The euro is weaker, falling to US$1.1687 on the Frankfurt foreign exchange market, compared to US$1.1708 on Wednesday and the new four-year high of US$1.1865 recorded on 16 September last year.
MC/AYLS // AYLS
Lusa
