The Stockholm Stock Exchange recovered towards the end of the trading day but still finished in the red. According to Iranian reports, Iran has now concluded its military operation against Israel following a request from U.S. President Donald Trump. Israeli Prime Minister Benjamin Netanyahu later stated that Israel is also halting its attacks on Iran.

At the close, the OMXS30 index was down 0.31 percent at 3,106.76. Shares worth approximately SEK 18.7 billion were traded on the Stockholm Stock Exchange.

Energy was the best-performing major industrial sector, rising 1.1 percent. At the other end of the scale, basic materials lagged, falling 0.7 percent.

Among the leading shares included in the OMXS30 index, Telia rose 1.6 percent while Industrivärden C gained 1.2 percent. The weakest performers were Ericsson B, down 1.7 percent, and Skanska B, which also fell 1.7 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, CBC reports, citing industry and government sources. According to the reports, a purchase of 72 Gripen jets to be built in Canada is being investigated. If the plans materialize, the Gripen deal could create up to 9,000 jobs and become the largest defense industrial project in Canadian history. Saab rose 0.6 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 0.2 percent.

Installation company Bravida has been awarded an installation contract for Green Mountain's data centers in Norway, with an order value of NOK 4.5 billion. The assignment covers project management, design, and all technical installations, spanning several years. Bravida rose 3.8 percent.

Communications services company Sinch has appointed CFO Jonas Dahlberg as acting 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 0.7 percent.

Mining and rock excavation technique company Epiroc confirmed its financial targets and reiterated its latest market outlook in connection with its capital markets day in Örebro on Monday. The stock was down 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 has over 25 years of experience in the biotech sector and most recently served as CEO of Medix Biochemica. He has also previously worked at Thermo Fisher Scientific and Lundbeck. Cellavision rose 1.9 percent.

Vattenfall Eldistribution has awarded telecommunications installation company Eltel a service and maintenance agreement for the Roslagen and Uppland areas. The contract covers service and maintenance of electricity and communication networks, fault clearance, customer-related services, network connections, projects, and metering. Eltel increased 6.8 percent.

Technology company Image Systems has appointed Mats Franzén as its new CFO. He will take office on June 15, succeeding Lotta Öfverström, who previously announced her departure from the company. The stock fell 2.4 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 was down 1.5 percent.

Handelsbanken raised Addlife to buy (from hold) with a price target of SEK 192 (162). Addlife rose 3.6 percent.

Oddo upgraded EQT to outperform (from neutral) with a price target of SEK 355. The stock slipped 0.2 percent.

SB1 Markets initiated coverage of Alleima with a buy rating and a price target of SEK 110. The stock rose 4.3 percent.