Russian stock market ends in the green on Friday – market data

TASS Russian News Agency | Sep 2, 2022 at 8:29 PM

MOSCOW, September 2. /TASS/. The Russian stock market ended the week positively. The MOEX Russia Index had an uptick by 1.05% to 2,471.45 points by the close of business. The RTS Index gained 0.4% to 1,284.53 points.

The dollar moved up by 0.31% to 60.62 rubles. The euro surged by 0.75% to 60.65 rubles.

Oil price dynamics, the ruble rate and the overall risk appetite of investors in the market will be important drivers for the Russian market next week. "The OPEC+ Joint Ministerial Monitoring Committee will meet on Monday. The probability of making the decision on production cuts is low since the fate of the nuclear deal between the US and Iran is still unclear," Alexander Bakhtin from BCS Investment World Comments.

The MOEX Russia Index is expected to be in the range of 2,400 - 2,520 points, BCS Investment World forecasts.