The Stockholm Stock Exchange reversed course on Thursday morning, shedding early declines to close in positive territory as large-cap industrials led the charge.

Defence contractor Saab and materials firm Alleima emerged as the session's top performers, providing the buying interest needed to stabilize the benchmark index.

The rally in Saab shares continued momentum from the previous trading day, where the defence group had already been a key driver of market sentiment.

Alleima's gains were bolstered by a fresh buy recommendation from analysts, adding conviction to the upward move in the materials sector.

SKF also contributed to the industrial outperformance, rounding out the list of top gainers among the blue chips.

The recovery came after a period of volatility for the Swedish market.