Russia stocks lower at close of trade; MOEX Russia Index down 4.29%

Russia's stock market experienced a decline at the close of trade on Sunday as losses in the Mining, Oil & Gas, and Power sectors weighed on the market. According to the MOEX Russia Index, which measures the performance of Russian stocks, the index fell by 4.29% during the session. Among the top gainers of the day, Moskovskiy Kreditnyi Bank PAO led the market, rising 3.94% or 0.44 points to reach 11.60 at the close.

Moskovskaya Birzha PJSC and PIK SHb PJSC also saw gains, adding 0.52% or 0.80 points to 153.95 and 0.37% or 2.10 points to 575.00, respectively. On the flip side, AFK Sistema PJSC, United Company Rusal IPJSC, and OZON were the biggest losers, with falls of 6.78% or 0.60 points to 8.25, 6.71% or 1.78 points to 24.75, and 6.26% or 194.50 points to 2,914.50, respectively.

Shares of Moskovskiy Kreditnyi Bank PAO reached an all-time high of 11.60 during the session. The Russian Volatility Index, a measure of implied volatility in MOEX Russia Index options, rose by 25.01% to 42.53. Gold futures for December delivery gained 0.26% or $11.60 to $4,432.00 per troy ounce, while October Brent oil futures rose 1.76% or $1.53 to $88.60 per barrel.

The USD/RUB currency pair increased by 3.32% to 85.83, and the EUR/RUB pair climbed 1.78% to 97.46. Lastly, the US Dollar Index Futures dropped by 0.32% to 99.54.