Source Pravda.Ru

Russian Stock Market Opens With Rise

The Russian stock market opened with a rise in the majority of shares today. Traders noted that this rise was caused by positive news from the international oil market where a rise in oil prices was observed yesterday. In particular, prices for Brent oil reached almost $20 per barrel on the London exchange. In view of this optimistic information, the Russian market has almost ignored a fall in US stock indices yesterday. Shares of the Russian national power utility RAO UES of Russia surpassed the level of 4.4 rubles on MICEX. On the whole, traders characterized the current situation as rather stable. They think no significant rise in the RTS index should be expected without new western investors coming to the market.