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[URL unfurl="true"]https://tradingeconomics.com/russia/stock-market[/URL]

The ruble-based MOEX Russia index soared by 1.3% to close at 3,150 on Thursday, extending the rally from earlier in the week and renewing 17-month highs with strong support from banks and energy producers.

Banks soared after Sberbank released strong financial results, lifting the financial services sector of the Moscow Exchange to soar 60% year-to-date.

The lending giant profited RUB 380 billion in the second quarter of the year, above market estimates, and closed firmly in the green.

In the meantime, oil producers advanced as energy revenues for the Russian government surpassed the Federal budget’s estimate and drove the Finance Ministry to purchase foreign currency and gold for the first time since the program was halted in January 2022.

[ATTACH=full]160523[/ATTACH]

<blockquote data-quote="bigdog" data-source="post: 1238744" data-attributes="member: 4374">[URL unfurl=&quot;true&quot;]https://tradingeconomics.com/russia/stock-market[/URL]The ruble-based MOEX Russia index soared by 1.3% to close at 3,150 on Thursday, extending the rally from earlier in the week and renewing 17-month highs with strong support from banks and energy producers.Banks soared after Sberbank released strong financial results, lifting the financial services sector of the Moscow Exchange to soar 60% year-to-date.The lending giant profited RUB 380 billion in the second quarter of the year, above market estimates, and closed firmly in the green.In the meantime, oil producers advanced as energy revenues for the Russian government surpassed the Federal budget’s estimate and drove the Finance Ministry to purchase foreign currency and gold for the first time since the program was halted in January 2022.[ATTACH=full]160523[/ATTACH]</blockquote>

[QUOTE="bigdog, post: 1238744, member: 4374"] [URL unfurl="true"]https://tradingeconomics.com/russia/stock-market[/URL] The ruble-based MOEX Russia index soared by 1.3% to close at 3,150 on Thursday, extending the rally from earlier in the week and renewing 17-month highs with strong support from banks and energy producers. Banks soared after Sberbank released strong financial results, lifting the financial services sector of the Moscow Exchange to soar 60% year-to-date. The lending giant profited RUB 380 billion in the second quarter of the year, above market estimates, and closed firmly in the green. In the meantime, oil producers advanced as energy revenues for the Russian government surpassed the Federal budget’s estimate and drove the Finance Ministry to purchase foreign currency and gold for the first time since the program was halted in January 2022. [ATTACH type="full"]160523[/ATTACH] [/QUOTE]

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