The Stockholm Stock Exchange is rising at midday on Friday, tracking global markets. The rally is fueled by hopes for a peace agreement between Iran and the United States following statements from President Donald Trump. Domestically, Tangen is trading strongly in its market debut, while Duni has issued a profit warning.

Trump claims that the conflict with Iran is over and that a deal has been finalized. Iran also confirmed that a draft agreement is ready, which would involve lifting the blockade of the Strait of Hormuz and easing oil sanctions.

At approximately 1:05 p.m., the OMXS30 index was up 1.87 percent to 3,121.85. Shares worth approximately SEK 9.5bn changed hands on the Stockholm Stock Exchange.

The best performing major industrial sector was basic materials, which rose 2.4 percent. At the other end of the spectrum, energy lagged with a 4.4 percent decline.

Among the leading stocks in the OMXS30 index, Boliden rose 4.0 percent while Sandvik gained 3.9 percent. The weakest performers were Saab B, down 0.8 percent, and Telia, which fell 0.3 percent.

The initial public offering of Tangen Industrikapital is showing strength in Friday's debut trading. The offering was oversubscribed several times, and the company gained 4,000 new shareholders. The stock climbed by over 13.7 percent compared to the subscription price of SEK 67.

Consumer products company Duni warned that its operating result for the second quarter is expected to be lower than market expectations due to extensive logistics disruptions related to a new logistics center in Germany. The negative impact on earnings is estimated at SEK 50m to SEK 70m for the quarter. The stock retreated 6.1 percent.

Investment company Svolder saw its net asset value increase by 7.8 percent in the third quarter, significantly outperforming its benchmark index, which rose 2.9 percent. CEO Tomas Risbecker sees increasing signs that conditions for Swedish small and medium-sized companies are gradually improving. The B-share is up 3.1 percent.

Housing platform Hemnet reported a 27 percent drop in revenue for May. The number of published property listings decreased by 20 percent. The stock fell 5.3 percent.

Private equity firm EQT is planning to sell its stake in the Singapore-based healthcare group HMI Medical in a deal valued at approximately $600m. However, the process is in its early stages and there is no guarantee that a transaction will be completed, according to sources cited by the Wall Street Journal. The stock was up 2.5 percent.

Nuclear technology company Studsvik has submitted an application for state support to develop new nuclear power in Sweden. The application was presented on Friday to Minister for Financial Markets Niklas Wykman at the Ministry of Finance in Stockholm. The application covers up to 1,400 megawatts of new fossil-free dispatchable electricity production and represents Sweden's first private SMR application at the gigawatt level within the framework of the state financing system. The stock rose 2.1 percent.

Measurement technology company Hexagon has acquired Itres, a Canadian provider of airborne hyperspectral and thermal imaging systems. The acquisition adds revenue of €13m. The stock rose 1.6 percent.

During championship season, betting company Betsson is also moving upward on the exchange. The stock rose 2 percent, while Kambi is up 0.4 percent.

SB1 Markets has released analyses on eight Swedish real estate companies. Among the new coverage, Neobo and Nivika received buy ratings. The only rating change concerns Wallenstam, which was downgraded to neutral from buy. Neobo increased 2 percent and Nivika is trading around flat. Wallenstam was up 0.3 percent, despite the downgrade.

ABG Sundal Collier initiated coverage on Rusta with a buy rating. The stock rose 3.9 percent.

Kepler Cheuvreux raised Getinge to buy from hold. The stock rose 3.4 percent.

Barclays upgraded Avanza to overweight from equal weight. The stock increased 6.4 percent.