Paris stock market hits new record high despite geopolitical worries

The Paris Stock Exchange achieved a new record close on Monday, with its benchmark index, the CAC-40, rising 0.13% to 8,726.03 points. This marks the sixth consecutive day of gains for the market. Despite prevailing uncertainty surrounding events in the Middle East, the index managed to recover from a session that largely traded in negative territory. The recovery coincided with the opening of Wall Street, helping the CAC-40 to reach a new all-time high.

Investors traded shares valued at over 2.75 billion euros during the session. Among the top performers, steelmaker ArcelorMittal saw a significant increase of 1.97%. Oil company TotalEnergies also posted strong gains, rising 1.96%, followed by automaker Stellantis, which improved by 1.75%. These companies contributed to the market's upward momentum.

Conversely, some major companies experienced declines. Telecommunications giant Orange fell by 2.01%, while the collective services group Veolia dropped 1.76%. Advertising firm Publicis also saw a decrease of 1.4%. These movements highlight a mixed performance among the blue-chip companies listed on the Paris exchange.