Polish equity closed higher on Thursday. The broad market measure, the WIG Index, surged by 2.05%. The WIG sub-sector indices were mainly higher with energy stocks measure (+3.29%) outperforming.

The large-cap stocks' benchmark, the WIG30 Index, rose by 2.25%. There were only four decliners among the index components. Clothing retailer LPP (WSE: LPP) posted the sharpest decline, sliding down 1.71%. It was followed by oil and gas producer PGNIG (WSE: PGN), coking coal producer JSW (WSE: JSW) and copper producer KGHM (WSE: KGH), falling by 0.54%, 0.32% and 0.12% respectively. On the plus side, railway freight transport operator PKP CARGO (WSE: PKP) topped the list of outperformers, climbing by 7.98%. Other major gainers were bank ALIOR (WSE: ALR), telecommunication services provider ORANGE POLSKA (WSE: OPL) and oil refiner LOTOS (WSE: LTS), climbing by 6.62%, 6.54% and 5.46% .respectively. Elsewhere, bank PEKAO (WSE: PEO) added 2.76%, supported by better-than-expected Q4 earnings. The bank posted net profit of PLN 494.7 mln (+13% y/y) versus analysts' consensus estimate of PLN 478.5 mln.