MOSCOW, December 19. /TASS/. The price of shares of SPB Exchange rose by more than 9% on Moscow Exchange following reports on approval of strategy for unblocking of assets by SPB Exchange, according to trading data.
As of 10:06 a.m. (07:06 a.m. GMT) SPB Exchange’s shares were up by 9.66% at 84 rubles per share. By 10:25 a.m. (07:25 a.m. GMT) the shares had narrowed gains slightly to 7.18% trading at 82.1 rubles per share.
The growth of SPB Exchange’s shares followed approval of the strategy for unblocking assets by the company. It is suggested that settlement depository will turn to OFAC (the US Department of the Treasury's Office of Foreign Assets Control) offering mechanisms to unblock assets, the exchange said in a statement.