Polish equity market closed higher on Monday. The broad market measure, the WIG Index, rose by 0.44%. Sector-wise, oil and gas sector stocks (+1.50%) outperformed, while pharmaceuticals names fared the worst (-1.11%).

The large-cap stocks' measure, the WIG30 Index, surged by 0.43%. Oil refiner LOTOS (WSE: LTS) was the best-performing name within the indicator's components, gaining 3.45% as the company announced it estimated its 2016 full-year EBITDA at PLN 2.8 bln (+119% y/y). The company also said its 2016 revenues could amount to PLN 20.9 bln (-8% y/y). Other largest outperformers were media group CYFROWY POLSAT (WSE: CPS), footwear retailer CCC (WSE: CCC) and bank PKO BP (WSE: PKO), surging by 3.3%, 1.97% and 1.93% respectively. At the same time, the session's biggest loser was bank MBANK (WSE: MBK), which tumbled by 5.35%. It was followed by clothing retailer LPP (WSE: LPP), chemical producer GRUPA AZOTY (WSE: ATT) and genco TAURON PE (WSE: TPE), declining by 2.73%, 2.37% and 2.36% respectively.