Source Pravda.Ru

Russian stock market to finish this year at new record high

According to Artyom Dzyura, head of the Stock Operations Department of ORGRESBANK, the Russian stock market has been growing today following the world's stock indices. The RTS index posted a 1-percent gain, while RAO UES of Russia's stocks grew by over 2 percent. The expert stressed Russian stocks had recently seen considerable demand, and the domestic stock market had grown when US stock indices were advancing and had been at a standstill when they were falling. "Stock prices are growing again, and the market seems to be willing to finish this year at a new high for the RTS index. The index is very likely to reach 370 points. The market's growth is largely due to rising oil prices. With persistent stability on the world fuel market and the absence of negative news from the US market the Russian market's growth may continue", the expert said.

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