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Russian Stock Indexes Close Sharply Higher Amid Rising Energy Prices

MOEX and RTS indexes both posted gains of more than 3% as energy prices climbed, according to TASS.

· 1 min read · language: en

Russian stock markets closed sharply higher, with both the MOEX Index and the RTS Index posting significant gains, the Russian state news agency TASS reported.

According to TASS, the MOEX Index rose 3.51% to close at 2,361.08 points, while the RTS Index climbed 3.41% to finish at 881.93 points.

TASS attributed the market rally to surging energy prices, though the report did not specify which energy commodities or markets drove the increase.

The report did not provide further details on the specific factors behind the rise in energy prices or additional context on trading activity during the session.

Sources

EGazette summarizes reporting from multiple sources; follow the links for the originals.

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