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Stocks and Markets
By: Muhammad Asif Noor, journalist and researcher The Shanghai Cooperation Organization reaches its 25th anniversary at a moment when the world is searching for…
Saudi Arabia’s Industrial Production Index rose 1.6 percent in July, compared to the same month last year, driven by a surge in manufacturing activity
Saudi Arabia’s non-oil exports to Qatar surged 213 percent in the second quarter of 2024 compared to the previous three months, reaching SR5.79 billion
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.
According to the agency, last November Iran and China clinched deals for Brent oil supplies at a discount of $10 per barrel
Oil export revenues jumped 29% in 2023, buoyed by higher oil prices averaging $82 per barrel
Gold was headed on Friday for its first weekly drop in four, as reduced bets for an early interest rate cut in the U.S. boosted the dollar and bond yields, while investors awaited a key employment report.
The annual rate of inflation in the eurozone rose to 2.9 percent in December mainly due to energy costs, the EU’s statistics agency said Friday.
Egypt’s net foreign direct investment inflows were down to $2.3 billion in the same period from $3.3 billion a year earlier, the central bank added
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