MOSCOW, December 4. /TASS/. The Russian stock market has a weak start on Monday, with the MOEX index falling below 3,100 points.

By the end of trading session, the MOEX index fell by 0.89% to 3,114.41 points, the dollar-denominated RTS index decreased by 1.67%, to 1,076.99 points.

The yuan exchange rate increased by 0.108%, to 12.73 rubles, the dollar rate went up by 0.52%, to 90.92 rubles, the euro rate rose by 0.54%, to 98.49 rubles.

"The price decline in oil and expectations of a further increase in the key rate at the upcoming Central Bank meeting on December 15 led some investors to the decision to take profits. At the same time, the ruble retreated moderately, bringing the dollar to 91 rubles," said investment strategist at BCS World of Investments Alexander Bakhtin.

Tightening the monetary policy leads to an increase in the cost of lending and debt servicing. In addition, bonds become more attractive in terms of risk and return, diverting part of the liquidity of the stock market, the expert explained.

The external background was predominantly negative. The DXY dollar index moved up today, reaching 103.5 points. This put pressure on commodity market quotes.

On Monday, the leaders of growth were shares of Polymetal (+3.86%), Segezha (+1.33%), Moscow Exchange (+1.29%), Severstal (+1. 24%), Alrosa (+1.11%), PIK (+1.05%), Novatek (+0.97%).

The leaders of decline were shares of RussNeft (-5.23%), Cian (-4.8%), Bank St. Petersburg (-4.79%), Qiwi (- 4.69%), Sovcomflot (-4.32%).

According to BCS World of Investments, on Tuesday, December 5, the MOEX index will be in the range of 3,085-3,200 points, the dollar exchange rate will be between 89.5 and 92.5 rubles.

According to Freedom Finance Global, tomorrow the MOEX index will fluctuate in the range of 3,100-3,200 points, the dollar-to-ruble pair will be in the range of 89-91 rubles, the euro-to-ruble will be in the range of 97-99 rubles, the yuan-to-ruble will be in the range of corridor 12.3-12.8 rubles.