March 27, 2026, 7:22 p.mMarch 27, 2026, 7:22 p.m
For the first time since the beginning of the war, the SMI achieved a slight plus.Image: Shutterstock
The Iran war also dominated events on the stock market on Friday. Investors were cautious. However, on a weekly basis, the SMI achieved a slight increase for the first time since the beginning of the war.
At the end of the week, the Swiss leading index recorded a loss of 0.57 percent to 12,570 points. However, on a weekly basis, the SMI rose 2.0 percent after a steady decline since the outbreak of war at the end of February.
He was able to recover somewhat, especially by the middle of the week, due to hopes of negotiations. Since the start of the war, however, there has still been a decline of a good 10 percent.
The situation remains tense
There were no signs of any real easing of the conflict on Friday, even though US President Donald Trump had extended the deadline for potential attacks on Iran’s energy infrastructure by ten days the day before. The warring factions’ attacks continued unabated.
Overall, market participants spoke of increasing restraint before the weekend. As is well known, Trump often uses the trading-free days to make decisions that can move the markets strongly on Monday.
Oil prices continue to rise
Oil prices also continued to rise, which is causing concern. On Friday morning, the price of a barrel of Brent climbed back above the $110 mark and rose to just under $112 by the close of trading.
The Strait of Hormuz, which is important for the global energy market, remains closed. There is also bad news from Russia. Ukrainian drone attacks have hit Russian export ports on the Baltic and Black Seas hard. This increases concerns about additional shortages. (sda/awp)