Russia’s main index on the Moscow Exchange has reached a new historic peak for the second time in a week following gains in equities trading in Europe and the US as investors anticipate more economic relief.
The Moscow stock exchange (MOEX) was closed on Thursday for a public holiday and is now catching up with global peers. The MOEX rose by more than two percent to a new record of 3,462 points on the last trading day of the week. Friday’s rally marked the second milestone for the main ruble-denominated index of the Russian stock market in just days.
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