Russia’s stock market resumes with gains on Thursday

Russia’s stock market resumes with gains on Thursday

Trading was suspended in Moscow Exchange on Feb. 28 after Russia’s war on Ukraine triggered massive sell-off

By Tuba Sahin

ANKARA (AA) - Russia’s stock market on Thursday reopened for limited trading after nearly a month-long hiatus.

Moscow Exchange (MOEX) rose 11% to 2,743 points at 0910 GMT.

Transactions can only be made in 33 stocks, and short selling is prohibited.

MOEX plummeted a whopping 33.3% on Feb. 24 when Russia launched a war on Ukraine.

On Feb. 28, trading was suspended until further notice.


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