Doha: European stocks closed on Thursday at their highest level in two months, supported by gains in aviation, defense, and financial sectors. The pan-European STOXX 600 index rose 0.6 percent, marking its best daily performance in two weeks.

According to Qatar News Agency, Admiral Group shares in London hit a record high, climbing 6.6 percent after the company reported strong first-half profits. Aviva shares rose 2.6 percent to their highest level since December 2007. In contrast, Dutch payments company Adyen saw its shares fall 4.9 percent after lowering its full-year revenue forecast.

Embracer Group shares plunged 23.4 percent to the bottom of the STOXX 600, marking their worst daily performance since May 2023. The video game company reported first-quarter operating earnings and full-year profit guidance that were well below market expectations.

Denmark’s FLSmidth and Co. emerged as the top gainer on the STOXX 600, jumping 6.7 percent. This surge came after the mining and cement technology firm posted its second-quarter results and raised its full-year outlook.