Topline
Russia partially reopened its stock markets Thursday with heavy restrictions on trading, following a month-long shutdown that was put in place as Russia’s invasion of Ukraine and subsequent Western sanctions caused a massive selloff that cratered the market.
A view of the Moscow’s stock market building in downtown Moscow.
Key Facts
The Moscow Exchange resumed trading in 33 Russian stocks including major companies like Gazprom, Sberbank, Rosneft and VTB at 9:50 a.m. local time.
Investors are banned from short selling these equities and a halt on foreigners selling these stocks also remains in place.
Half hour after trading opened, the MOEX Russia Index was up more than 10% at around 2,720 rubles, after it had slumped a record 45% on the day Russia’s invasion began.
This is a developing story.
Source: https://www.forbes.com/sites/siladityaray/2022/03/24/moscow-stock-exchange-partially-reopens-after-month-long-closure/