Russia stocks higher at close of trade; MOEX Russia Index up 0.34%

Russia's stock market closed higher on Tuesday, with the MOEX Russia Index rising 0.34%. The Manufacturing, Power, and Telecoms sectors contributed to the gains, propelling shares upwards. Among the top gainers, Moskovskiy Kreditnyi Bank PAO surged 9.34% to 9.39, VK Company Ltd added 4.76% to 122.05, and Bank VTB PJSC increased 2.29% to 55.52.

Conversely, Gazprom PJSC fell 1.25% to 96.17, AK ALROSA PJSC declined 0.78% to 19.15, and Polyus PJSC dropped 0.76% to 967.40. The Moscow Stock Exchange saw 124 stocks that fell, versus 120 that rose, with 10 ending unchanged. The Russian Volatility Index, a measure of implied volatility of MOEX Russia Index options, decreased 3.23% to 30.86.

Gold Futures for December delivery edged up 0.14% to $4,192.80 per troy ounce, while Crude oil for November delivery climbed 0.54% to $89.91 per barrel. Brent oil for December saw a minor decline of 0.03%. Exchanges in USD/RUB and EUR/RUB were flat at 84.75 and 95.42 respectively. The US Dollar Index Futures also remained unchanged at 101.61.