FTSE MIB gains 175 points as Eni leads oil rally

The FTSE MIB closed at 48,559 points on October 23, 2026, up 175 points or 0.4 percent. Higher oil prices and strong Eni earnings supported Milan despite weakness across parts of Europe.

Eni led the advance, rising 5.8 percent after reporting adjusted net profit of EUR 2.8 billion and announcing an extra dividend, Il Sole 24 Ore reports.

Why did the FTSE MIB rise on October 23?

Brent crude reached USD 116 per barrel, while Eni said its adjusted profit had more than doubled from the prior year. Eni also approved a EUR 0.46 extraordinary dividend and raised its buyback program by 12 percent, la Repubblica reports.

The energy advance offset pressure from banks and technology shares earlier in the session. The FTSE MIB had opened at 48,578 points after Thursday's 2.5 percent fall, according to ANSA.

Eni leads FTSE MIB energy shares

Tenaris rose 4.5 percent and Saipem gained 4.2 percent as oil prices strengthened. The oil-service stocks followed Eni higher, MarketScreener reports.

FTSE MIB stays below its 2026 high

The index remained 9.6 percent below its 2026 high of 53,717 points reached on August 7. Borsa Italiana lists Thursday's close at 48,384 points and shows the annual high, Borsa Italiana reports.

What comes next for the FTSE MIB

• October 26, 2026, 10:00 a.m. CET: Italy's preliminary third-quarter GDP is due, Zonebourse reports.
• October 26, 2026, 10:00 a.m. CET: Germany's Ifo business climate survey is scheduled, with a 90.1 consensus, MUFG reports.
• October 26, 2026, 11:00 a.m. CET: Italy's preliminary October CPI and eurozone growth data are scheduled, Zonebourse reports.

FTSE MIB price data for October 23, 2026

The index closed at 48,559 points on October 23, 2026, up 175 points or 0.4 percent from 48,384 points on October 22. The closing value is reported by Teleborsa.

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