Friday, April 13, 2007

Russia's Benchmark RTS Stock Index Hits 2000 for First Time; Rosneft Gains

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

The RTS added 1.7 percent to 2001.19 at 5:07 p.m. in Moscow. Energy shares led the 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, another benchmark for the stock market.


Read more at Bloomberg Emerging Markets News

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