The Stockholm Stock Exchange turned lower on Tuesday, tracking global markets. Sentiment was dampened by receding hopes for peace in the Iran conflict. Brent crude rose by nearly 4 percent during the session.

At the close, the OMXS30 index was down 1.06 percent at 3,046.71. Shares worth approximately SEK 22.5 billion changed hands on the Stockholm Stock Exchange.

Among the major industrial sectors, energy performed best with a 4.4 percent gain. At the other end of the scale, technology bottomed out with a 3.4 percent decline.

Among the leading shares included in the OMXS30 index, Evolution rose 2.6 percent while Essity B gained 1.7 percent. H&M B saw the weakest performance, falling 3.3 percent, while Saab B was down 3.0 percent.

Private equity firm EQT slipped 2.4 percent. The company has sold its entire remaining stake in the specialist mortgage bank Enity, amounting to over 11.8 million shares, or 23.64 percent of the capital and votes. The shares were sold at a price of SEK 65 per share, representing a 9.7 percent discount to the previous day's closing price. Enity fell by over 3 percent.

EQT has also presented a final attempt to acquire British firm Intertek. The new bid totals 61.077 pounds per share.

Among reporting companies, game developer Starbreeze tumbled over 15 percent following its figures. Sales fell sharply while EBITA turned negative.

Caravan and motorhome manufacturer Kabe reported lower turnover but improved earnings for the first quarter compared to the same period last year. Operating profit increased to SEK 55 million, up from SEK 29 million. The stock rose 9 percent.

Game developer Coffee Stain's fourth-quarter turnover beat analyst expectations. Cash EBIT was in line with consensus. The board proposes a dividend of SEK 0.68 per share. The stock climbed 3.8 percent.

Real estate companies Stenhus and Trianon increased their income from property management in the first quarter compared to the same quarter last year. Stenhus rose 2.8 percent while Trianon increased 1.4 percent.

Research-based pharmaceutical company Camurus reported decreased revenue and earnings in the first quarter compared to the corresponding quarter last year. The company simultaneously reaffirmed its full-year outlook. Camurus sank 8.8 percent.

Paper manufacturer Arctic Paper reported lower profitability in the first quarter. The company pointed to continued uncertainty linked to geopolitics, trade barriers, and weak demand. Arctic Paper was up 0.3 percent.

Market high-flyer Silex, which had risen sharply during its first days on the exchange, turned downwards on Tuesday, falling nearly 35 percent. Major shareholders Bure and Creades lost 8 percent and 7.1 percent respectively.

Mining company Lundin Mining's shares rose 0.8 percent, supported by higher copper prices. During the afternoon, copper traded just above the 14,000-dollar mark. Peer Boliden was down 1.5 percent.

On the analyst front, Arctic has upgraded IPC to buy from hold, with a target price of SEK 300. The stock rose 4.2 percent.

Arctic has also upgraded Meren Energy to buy from hold. Meren Energy increased 5 percent.

Pareto has initiated coverage of Noba Bank with a buy recommendation and a target price of SEK 110. The stock fell 3.3 percent.