AIRLINK 58.74 Increased By ▲ 0.75 (1.29%)
BOP 6.20 Decreased By ▼ -0.02 (-0.32%)
CNERGY 3.95 Decreased By ▼ -0.10 (-2.47%)
DFML 16.08 Increased By ▲ 0.38 (2.42%)
DGKC 67.48 Decreased By ▼ -1.07 (-1.56%)
FCCL 17.59 Decreased By ▼ -0.16 (-0.9%)
FFBL 25.91 Increased By ▲ 0.16 (0.62%)
FFL 9.17 Decreased By ▼ -0.14 (-1.5%)
GGL 9.82 Increased By ▲ 0.08 (0.82%)
HBL 112.95 Increased By ▲ 1.15 (1.03%)
HUBC 114.99 Increased By ▲ 0.19 (0.17%)
HUMNL 6.58 Increased By ▲ 0.14 (2.17%)
KEL 4.20 Decreased By ▼ -0.10 (-2.33%)
KOSM 3.59 Increased By ▲ 0.01 (0.28%)
MLCF 37.35 Decreased By ▼ -0.05 (-0.13%)
OGDC 116.69 Decreased By ▼ -0.51 (-0.44%)
PAEL 22.74 Decreased By ▼ -0.16 (-0.7%)
PIAA 10.76 Decreased By ▼ -0.59 (-5.2%)
PIBTL 6.22 Increased By ▲ 0.55 (9.7%)
PPL 104.26 Decreased By ▼ -0.99 (-0.94%)
PRL 26.47 Decreased By ▼ -0.08 (-0.3%)
PTC 9.55 Decreased By ▼ -0.05 (-0.52%)
SEARL 52.00 Decreased By ▼ -1.34 (-2.51%)
SNGP 65.15 Increased By ▲ 0.16 (0.25%)
SSGC 10.93 Decreased By ▼ -0.01 (-0.09%)
TELE 7.26 Increased By ▲ 0.10 (1.4%)
TPLP 11.97 Increased By ▲ 0.10 (0.84%)
TRG 77.22 Increased By ▲ 4.51 (6.2%)
UNITY 20.44 Decreased By ▼ -0.29 (-1.4%)
WTL 1.29 Decreased By ▼ -0.02 (-1.53%)
BR100 6,332 Increased By 45.7 (0.73%)
BR30 21,614 Increased By 27.8 (0.13%)
KSE100 61,914 Increased By 355.2 (0.58%)
KSE30 20,851 Increased By 132.3 (0.64%)
Markets

Russian rouble steadies, stocks rise on last trading day of 2020

  • The Moscow Exchange will be closed for four days from Dec. 31 to Jan. 3, but many traders will be away from their desks for longer as Russia's holiday season ends on Jan. 11.
Published December 30, 2020

MOSCOW: The Russian rouble steadied on Wednesday, remaining under pressure from Russia-specific concerns about new possible sanctions, while stocks rose in light trade on the last trading day of 2020.

By 0743 GMT, the rouble was flat at 74 against the dollar and eased 0.2% to 90.87 versus the euro.

So far this year, the rouble has lost about 16% of its value versus the greenback and shed 23% against the European currency, taking a hit from the COVID-19 pandemic, a crash in oil prices and Russia-specific concerns about new possible sanctions.

In 2021, the rouble is expected to partly recover but will still be far from levels seen in early 2020 before the pandemic.

Volatility in the Russian market could increase in the next few days as trading activity will wane further ahead of Russia's long New Year holidays.

The Moscow Exchange will be closed for four days from Dec. 31 to Jan. 3, but many traders will be away from their desks for longer as Russia's holiday season ends on Jan. 11.

Russian stock indexes were up, reflecting a 0.7% increase in Brent crude oil, a global benchmark for Russia's main export, to $51.42 a barrel.

The dollar-denominated RTS index rose 0.1% to 1,400.4 points. The rouble-based MOEX Russian index was 0.4% higher at 3,288.1 points, nearing an all-time high of 3,318.39 hit on Dec. 17.

Comments

Comments are closed.