The Stockholm Stock Exchange is trading significantly lower at midday on Monday. Swedish indices are tracking U.S. markets, which sold off sharply on Friday amid mounting interest rate concerns. Over the weekend, retaliatory strikes between Israel and Iran further fueled market anxiety.

As of 12:00 PM, the OMXS30 index was down 1.07 percent at 3,083.00. Shares worth approximately SEK 5.3 billion had changed hands on the Stockholm bourse.

Energy was the top performer among the major industrial sectors, posting a 1.1 percent gain. At the other end of the spectrum, the industrial sector lagged, falling 1.3 percent.

Among the blue-chip stocks in the OMXS30 index, Telia rose 1.2 percent, while Tele 2 B gained 0.9 percent. Epiroc A saw the weakest performance, dropping 2.5 percent, while Addtech B declined 1.9 percent.

Canada is in talks to supplement its future fighter jet fleet with Saab's Gripen E, alongside the planned F-35 aircraft from Lockheed Martin, according to CBC reports citing industry and government sources. The reports suggest a potential purchase of 72 Gripen jets to be manufactured in Canada. If realized, the Gripen deal could create up to 9,000 jobs and become the largest defense industrial project in Canadian history. Saab shares were up 0.4 percent.

Gustav Segerberg has been appointed as the new CFO of private equity firm EQT, effective July 18. He succeeds Kim Henriksson, who is stepping down after nearly eight years to become a senior advisor. The stock was down 1.4 percent.

Installation firm Bravida has been awarded a contract for Green Mountain's data centers in Norway, with an order value of NOK 4.5 billion. The multi-year assignment covers project management, design, and all technical installations. Bravida rose 3.5 percent.

Communications services company Sinch has appointed CFO Jonas Dahlberg as interim CEO with immediate effect. The appointment is part of the company's ongoing succession process following outgoing CEO Laurinda Pang's previous announcement of her departure. Sinch fell 2.5 percent.

Mining and rock excavation technique company Epiroc confirmed its financial targets and reiterated its latest market outlook during its Capital Markets Day in Örebro on Monday. The stock retreated 2.1 percent.

Blood analysis company Cellavision has appointed Steve Ferguson as its new CEO with immediate effect. He succeeds Simon Østergaard, who will remain during a transition period. Ferguson brings over 25 years of experience in the biotech sector, most recently serving as CEO of Medix Biochemica. He has previously held positions at Thermo Fisher Scientific and Lundbeck. Cellavision increased 2.1 percent.

Software company 4C Strategies is conducting a rights issue of SEK 54 million before transaction costs. The issue is fully guaranteed. The stock rose 6.2 percent.

In the analyst flow, the following was noted:

Nordea resumed coverage of H&M with a sell rating and a price target of SEK 130. H&M shares fell 1.9 percent.

Handelsbanken upgraded Addlife to buy (from hold) with a price target of SEK 192 (162). Addlife rose 3.3 percent.

Oddo upgraded EQT to outperform (from neutral) with a price target of SEK 355.

SB1 Markets initiated coverage of Alleima with a buy rating and a price target of SEK 110. The stock rose 2.5 percent.