Moscow Exchange grows supported by shares "Sberbank"

Moscow Exchange indices rose in trading today, Thursday, and the stock market was supported by a jump in the value of Sberbank shares in the light of positive financial statements.

By 16:33 Moscow time, the MICEX index, denominated in rubles, rose by 1.27% to 2194.31 points.

The exchange index of shares denominated in RTS dollars rose by 1.91% to 1135.10 points, according to the Moscow Exchange.

The rise came amid optimism in the stock market after the share of Sberbank, Russia’s largest bank, rose by about 5% after a financial report showed that the bank’s net profit since the beginning of 2022 exceeded the level of 50 billion rubles. (about 810 million dollars).

Source: RT