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Russian stock market at all-time high as ruble shows stable growth

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The Moscow stock exchange (MOEX) index reached a new all-time high on Monday, as Russia’s national currency, the ruble, opened the first trading day of 2021 with an upward move, triggered by rising oil prices.

The ruble was 0.7 percent stronger against the dollar at 73.82, and gained 1.1 percent to trade at 90.50 against the euro.The MOEX Russian index advanced 1.09 percent to 3,324 points, marking a record high. MOEX is the main ruble-denominated index of the Russian stock market, comprised the shares from more than 40 major Russian companies, including Sberbank, Gazprom, Rosneft, Novatek and other top corporations.

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