BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
Markets

Russian rouble slips with oil; shares mixed

Published Updated

imageMOSCOW: The Russian rouble traded weaker early on Thursday as oil prices fell, while Moscow-listed shares were mixed.

At 0745 GMT, the rouble was 0.5 percent weaker against the dollar at 65.03 and had lost 0.7 percent to trade at 69.63 versus the euro.

Brent crude oil, a global benchmark for Russia's main export, was down 0.7 percent at $46.3 a barrel after inventory reports indicated a larger-than-expected build in U.S. oil stocks.

Those reports overshadowed bullish comments by Russian Energy Minister Alexander Novak on Wednesday that he saw "big chances" for OPEC to agree on production limits by Nov. 30 and that Russia would support any such agreement.

Russian's dollar-denominated RTS share index was down 0.5 percent to 984 points, while the rouble-based MICEX was 0.2 percent higher at 2,033 points.

European share indexes were expected to open slightly higher, mirroring moves on Asian markets as a surge in the U.S. dollar eased.

The rouble is expected to be supported towards the end of the month by tax payments for which exporters convert a portion of their foreign-currency revenues.

But Rosbank analysts noted that demand for foreign currency among the Russian population had been high in recent months. They cited central bank data showing that net forex demand in September totalled $2.2 billion, the highest since early 2015.

Copyright Reuters, 2016

Comments

Comments are closed for this article.