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Russia's stock market opens with shares edging up


MOSCOW, May 27 (RIA Novosti) - Russia's two main stock exchanges, MICEX and the RTS, opened on Wednesday with their key indexes going up amid a rise in world oil prices.

The index of the ruble-denominated MICEX opened up 1.61% from Tuesday's close at 1,057.69 points while the dollar-denominated RTS climbed 0.53% to 995.48 points.

Russian stocks have almost doubled in an ongoing rally since January, following a disastrous last three months of 2008, during which they lost two thirds of their value.

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