Friday, April 13, 2007

Russia's RTS Stock Index Hits 2000 for First Time Ever on Oil Prices

(Bloomberg) -- Russia's benchmark RTS Index surpassed the 2000 level for the first time. OAO Rosneft and OAO Lukoil led today's gains on rising oil prices, a key support for the index.

The RTS rose 1.7 percent to 2001.19 at 5:07 p.m. in Moscow. Energy companies led today's gain after oil prices jumped following the close of Russian stock markets yesterday. Oil and gas companies make up about half of the RTS and a third of the Micex Index.


Read more at Bloomberg Stocks News

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