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The ruble-denominated MICEX index grew by 1.66% on the Moscow stock exchange to 1,652.5 points, while the dollar-denominated RTS edged up by 5.12% to 783.97 points as of 14:40 a.m. Moscow time (11:40 GMT).
Shares of Russian oil and gas companies are soaring, with Rosneft gaining 4.27%, Lukoil rising by 4.09%, Gazprom adding 1.46%, Surgutneftegas up by 4.07%, Bashneft gaining 3.9%.
Sistema holding company is among the main gainers so far, its shares rose by 13.24% on the Moscow stock exchange to reach 15,97 roubles per one share. Sistema shares have been rising for the fourth day, however it saw a significant pick-up in growth on Monday’s trading on the news that the Moscow Arbitration Court had set a hearing date for the lawsuit filed against Ural-Invest for the loss of the oil firm Bashneft for February 16. From the beginning of this week Sistema shares has already gained 19.8%.