Russia stocks higher at close of trade; MOEX Russia Index up 0.86%

Russia's stock market saw an upward trend at the close of trade on Friday, with the MOEX Russia Index rising by 0.86%. The dominant sectors driving the market higher were Oil & Gas, Power and Manufacturing. LUKOIL PJSC, a leading Oil & Gas company, led the pack with a strong 6.25% increase, closing at 4,579.00 points. Unipro PJSC and VK Company Ltd also made notable gains, closing at 1.00 and 119.00 points respectively.

Conversely, Moskovskiy Kreditnyi Bank fell by 4.32% and Polyus PJSC declined 2.10%, while Bank VTB PJSC dropped 1.24%. The number of stocks that fell exceeded those that rose on the Moscow Stock Exchange, with 8 stocks closing unchanged. The Russian Volatility Index (RVI) declined by 3.80% to 47.81. Gold futures for December delivery saw a 3.43% drop to $4,504.10 per troy ounce, and Brent oil futures fell by 0.27% to $88.28 per barrel.

Meanwhile, the Russian currency, the Russian Ruble, weakened against the US Dollar and Euro, with USD/RUB down 0.19% to 86.14 and EUR/RUB falling 0.78% to 99.77. The US Dollar Index Futures, however, rose by 0.55% to 99.64.