AGL 5.50 Decreased By ▼ -0.10 (-1.79%)
ANL 8.62 Decreased By ▼ -0.28 (-3.15%)
AVN 75.84 Decreased By ▼ -1.14 (-1.48%)
BOP 5.18 Decreased By ▼ -0.07 (-1.33%)
CNERGY 4.51 Decreased By ▼ -0.14 (-3.01%)
EFERT 81.09 Decreased By ▼ -0.13 (-0.16%)
EPCL 49.94 Decreased By ▼ -0.09 (-0.18%)
FCCL 12.51 Decreased By ▼ -0.65 (-4.94%)
FFL 5.52 Decreased By ▼ -0.18 (-3.16%)
FLYNG 6.87 Decreased By ▼ -0.23 (-3.24%)
FNEL 4.63 Decreased By ▼ -0.13 (-2.73%)
GGGL 8.53 Decreased By ▼ -0.27 (-3.07%)
GGL 14.22 Decreased By ▼ -0.38 (-2.6%)
HUMNL 5.58 Decreased By ▼ -0.09 (-1.59%)
KEL 2.62 Decreased By ▼ -0.01 (-0.38%)
LOTCHEM 27.98 Decreased By ▼ -0.67 (-2.34%)
MLCF 23.68 Decreased By ▼ -1.01 (-4.09%)
OGDC 71.64 Decreased By ▼ -0.87 (-1.2%)
PAEL 15.33 Decreased By ▼ -0.04 (-0.26%)
PIBTL 4.87 Decreased By ▼ -0.11 (-2.21%)
PRL 15.80 Decreased By ▼ -0.40 (-2.47%)
SILK 1.04 Decreased By ▼ -0.03 (-2.8%)
TELE 8.92 Decreased By ▼ -0.28 (-3.04%)
TPL 7.04 Decreased By ▼ -0.21 (-2.9%)
TPLP 18.31 Decreased By ▼ -0.39 (-2.09%)
TREET 21.03 Decreased By ▼ -0.67 (-3.09%)
TRG 134.51 Decreased By ▼ -2.04 (-1.49%)
UNITY 16.57 Decreased By ▼ -0.45 (-2.64%)
WAVES 9.34 Decreased By ▼ -0.55 (-5.56%)
WTL 1.36 Decreased By ▼ -0.05 (-3.55%)
BR100 4,155 Decreased By -70.3 (-1.66%)
BR30 15,289 Decreased By -229.2 (-1.48%)
KSE100 41,613 Decreased By -537.4 (-1.28%)
KSE30 15,360 Decreased By -228.1 (-1.46%)
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
Follow us

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.

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

Russia to provide crude oil to Pakistan at discounted rates: Musadik Malik

ECC approves wheat import of 450,000MT from Russia

Time to 'say no' to cartels, says PM, as energy bill touches $27bn

Rupee falls 0.1% against US dollar

Pakistan 'confident' perpetrators of Kabul attack will be brought to justice

KSE-100 falls 1.28% as uncertainty of IMF review persists

Oil up 3% on OPEC+ output plans and price cap on Russian crude

Taliban acting defence minister holds talks with UAE president

Brave England seal memorable victory over Pakistan

Security forces kill five terrorists in North Waziristan IBO: ISPR