Norwegian gives Oslo stock exchange wings

Norwegian gives Oslo stock exchange wings
The Oslo Stock Exchange. File photo: Kyrre Lien/Scanpix
The main index for the Oslo Stock Exchange kept going up for the fourth day running, spurred on Thursday by positive results from Norwegian Airlines, as well as from Fred Olsen Energy.

Success-story aviators Norwegian published their quarterly result on Thursday morning, while energy firm Fred Olsen also showed happy figures in the results tables. 

By 10am, Norwegian share prices were up by 7.2 percent, while action on the stock exchange floor propelled Olsen prices up by 10.9 percent. 

The rising price of oil was cited as a contributing factor to Wednesday's increase at the Oslo Stock Exchange. The oil price rise held study into Thursday, with a barrel of North Sea oil set at $108.82.

Key European stock exchanges, including London's FTSE and Frankfurt's Dax also crept up on Thursday by 1 and 1.3 percent respectively, while the CAC in Paris increased by 1.1 percent. 

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