MOEX Russia, RTS indices in the green by close of business

TASS Russian News Agency | Oct 3, 2022 at 8:17 PM

MOSCOW, October 3. /TASS/. Russian market indices ended the trading session on Monday with an upward trend. The ruble-denominated MOEX Russia Index grew by 4.32% to 2,041.96 points on the Moscow Exchange. The dollar-denominated RTS Index gained 3.42% and reached 1,091.87 points.

The dollar moved upward by 0.41% to 58.86 rubles by the end of the trading session. The euro edged down by 3.1% and amounted to 53.6 rubles by the close of business.

Brent oil futures had an uptick by 1.89% and were traded at $90.38 per barrel on the London's ICE.

"Buyers were encouraged amid the oil price recovery to $90 [per barrel] in the light of talks that OPEC+ may decide to significantly reduce production in conclusion of the meeting this week," Alexander Bakhtin from BCS Investment World says in a comment.

Target ranges for the MOEX Russia Index can be within the range of 1,925-2,055 points on Tuesday, BCS Investment World forecasts.