Russian stocks were steadily rising at the opening of MICEX on Friday when the MICEX index reached 545 points. Later, a correction began, triggered by fears of profit-taking ahead of the weekend. Nevertheless, the MICEX index closed at its historic high of 535.8 points. Blue chips were fluctuating with no solid tendency. LUKoil stepped up 3.73 percent, Norilsk Nickel 1.28 percent and Sberbank 0.65 percent. Meanwhile, RAO UES dropped 1.65 percent, Surgutneftegas 0.1 percent and YUKOS 1.18 percent. The volume of trade totaled RUR17.9bn (about $590m), which is twice as much as the average daily trading volume for the previous week.
Experts believe that today a correction is possible but will not be significant.
Representatives of the Israeli Defence Ministry responded to recent reports about the possible delivery of S-300 SAM systems from Russia to Syria. Israeli Defence Minister Avigdor Lieberman said that Israel would destroy those systems
Russia is to start supplying S-300 air defence systems to Syria in the near future. The shipments will be conducted free of charge