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Stocks and Markets
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Efforts include the National Investment Strategy, the regional headquarters program, and tax incentives
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Kingdom’s merchandise exports reached a seven-month high in October totaling SR104.31 billion
Experts questioned by TASS forecast the key rate cuts in Russia this year to the level of 9-13% in absence of new shocks.
The structure of Russian crude oil and petroleum products export will stay unchanged in 2024, Vasily Tanurkov from ACRA said
Russian stock indices in the green on Friday
The MOEX Russia Index grew by 0.01% to 3,136.37 points by the close of business on the Moscow Exchange. The RTS index rose 0.48% to 1,087.35 points
MOSCOW, January 5. /TASS/. Russian market indexes ended the trading session on Friday with a moderate upward trend, according to Moscow Exchange data.
The MOEX Russia Index grew by 0.01% to 3,136.37 points by the close of business on the Moscow Exchange. The RTS index rose 0.48% to 1,087.35 points.
The dollar dropped by 0.42% against the ruble to 90.95 rubles. The euro declined by 0.29% to 99.62 rubles. The yuan plunged by 0.21% to 12.65 rubles.
“The Russian stock market ended the week with mixed dynamics of trading against weak activity. The MOEX Russia Index was cruising close to 3,130 points. Oil prices moved in the green zone, while the ruble kept the trend of growing and the dollar tested levels below 91 [rubles]. The negative sentiment prevailed in international markets,” Alexander Bakhtin from BCS Investment World said in a comment.
“The activity and trading turnovers in our market may start growing early next week. No important statistical data are expected on Monday. The issue of redomiciliation from Cyprus to Russia will be discussed on that day at the shareholders meeting of TCS Group. January 8 is the last day for being included to the register of shareholders eligible to receive Tatneft dividends for the third quarter of 2023,” the expert noted.
BCS Investment World forecasts the MOEX Russia Index to be 3,075-3,175 on January 8.
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