The MICEX and RTS indexes jumped 2% to 6% on the background of rising oil

MOSCOW, 4 February. The stock indices of the Russian Federation ended the trading session higher. So, the MICEX index (MICEX) by the end of trading on the Moscow stock exchange has increased by 2,38% to 1787,93 points, and RTS – on 6,01% to 738,82 item.

Russian stocks rose in price following the rise in oil. The cost of futures for oil of mark Brent with delivery in April 2016 on the ICE stock exchange in London rose 1.7% to $35.6 per barrel.

“On Friday, the Russian market will attempt to reach stable resistance of around 1800 on the MICEX index. The pair dollar/ruble is likely to fall a further 1% along with the increase in oil prices, and as a result, the RTS index will grow to 747 points,” predicts the Director of the analytical Department of the IR “Golden Hills – Kapital AM” Mikhail Krylov.