MOEX Russia, RTS indexes in the black as trading day ended

TASS Russian News Agency | Aug 12, 2022 at 8:38 PM

MOSCOW, August 5. /TASS/. Russian market indexes ended the trading session on Friday in the black. The ruble-denominated MOEX Russia Index had an uptick by 0.67% to 2,147.33 points by the close of business on the Moscow Exchange. The dollar-denominated RTS index gained 0.91% to reach 1,116.32 points.

The dollar moved downward by 0.05% against the ruble to 60.62 rubles. The euro lost 0.27% to 62.34 rubles.

Brent oil futures lost 0.21% to $98.5 a barrel on the London-based ICE today.

"We keep the neutral short-term outlook for the Russian stock market. No new reliable growth drivers are in place so far; trading activity will most probably remain low during forthcoming trading session. The ruble suspended weakening against the dollar that may back exporters' stocks. Oil prices are returning to the round figure of $100 a barrel and may well reach this threshold next week," Alexander Bakhtin from BCS Investment World comments.

The forecast range of BCS Investment World for the MOEX Russia Index is 2,090-2,190 points on Monday. Freedom Finance believes the expected closing range for the MOEX Russia Index on Monday will be 2,100-2,200 points.