Doha: European stocks rose today by approximately a slight amount, as investors assessed the possibility that Russia and Ukraine might reach a peace agreement. The pan-European STOXX 600 index climbed by 0.1 percent, and most major exchanges in the region gained. Meanwhile, defense sector shares fell by 0.7 percent, weighed down by news of a potential Russia-Ukraine summit; hopes for de-escalation dampened demand for assets tied to military activities.

According to Qatar News Agency, shares in Renk Group, Rheinmetall, and Hensoldt dropped by between 1.9 percent and 3.2 percent. The decline in defense stocks reflects investor sentiment shifting away from defense-related assets amid potential diplomatic progress.

Furthermore, Merck's stock experienced a slight dip after Barclays downgraded its rating, further influencing market dynamics on the day. Overall, the possibility of a peace agreement between Russia and Ukraine has created a cautiously optimistic atmosphere among investors.