MOSCOW, May 7 (RIA Novosti) - Russia's two main stock
exchanges, MICEX and the RTS, demonstrated strong share growth
on Thursday, with their key indexes rising above
psychologically important levels.
As of 6: 00 p.m. Moscow time (14:00 GMT), the index of the
ruble-denominated MICEX had climbed 5.52% from Wednesday's
close to above the psychologically important level of 1,000
points to 1,040.52 points, while the index of the
dollar-denominated RTS had risen 5.04% to close beyond the
benchmark level of 900 points at 942.31 points.
Analysts say that the Russian stock market's rally can be
attributed to signs of improvement in the situation on global
financial markets, rising world oil prices and the return of
foreign investors to Russian stock exchanges.
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