Russia stocks higher at close of trade; MOEX Russia Index up 1.51%

Russia stocks saw a rise at the close of trade on Friday, buoyed by strong performances in the Power, Oil & Gas, and Mining sectors. The MOEX Russia Index closed up 1.51%. ROSSETI PJSC led the gains, remaining flat at 0.06, while Gazprom PJSC saw a 4.06% increase to 114.76, and Unipro PJSC also rose 4.03% to 1.17. Conversely, Polyus PJSC declined by 0.11% to 1,097.80, PIK SHb PJSC stayed unchanged at 544.00, and T Tekhnologii MKPAO rose 0.22% to 269.48.

Out of all the stocks, 190 saw an increase whilst only 54 declined, with 10 ending unchanged. The Russian Volatility Index, a measure of the implied volatility of MOEX Russia Index options, fell by 2.34% to 29.63. Gold Futures for December delivery decreased by 1.24% to $4,010.00 per troy ounce, while crude oil for the same month rose 3.99% to $103.44, and the December Brent oil contract increased by 0.18% to $116.93.

The USD/RUB exchange rate fell by 1.27% to 80.86, and the EUR/RUB rate dropped by 1.71% to 90.27. The US Dollar Index Futures ended down by 0.05% at 101.60.