Shares of Ukrainian companies are rising significantly as investors anticipate an end to the war.

The index of Ukrainian shares on the Warsaw Stock Exchange, WIG Ukraine, reached pre-war levels at the end of last week, jumping by nearly 25% in just a few days. This surge reflects the Warsaw financial market’s reaction to news that the US is reportedly planning to present a proposal to end the Russian-Ukrainian conflict soon.

Investors are hopeful that this will lead to the reconstruction of areas under Ukrainian control and negotiations regarding Ukraine’s accession to the EU. The index’s growth also positively impacted the shares of major Polish companies, particularly those in construction and building materials.

Meanwhile, shares of the metallurgical company Ferrexpo and the agricultural holding MHP on the London Stock Exchange increased by another 9.43% and 1.49%, respectively, on Friday. However, sovereign Ukrainian bonds, after rising in previous days, adjusted their prices down by 0.52-0.98% on Friday.