Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Russian stock market grows amid a rebound in oil prices

February 03, 2015, 16:31 UTC+3 MOSCOW
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
1 pages in this article
© TASS/Valeriy Sharifulin

MOSCOW, February 3. /TASS/. Russian stocks accelerated growth by mid-afternoon trade on Tuesday amid a rebound in Brent crude oil price above $57 a barrel, its highest level since the beginning of January.

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%.

Infographics Oil prices over 30 years Oil prices over 30 years
Year-average inflation-adjusted oil price. Infographics by TASS

Show more
In other media
Реклама
Реклама