The Russian stock market opened the main session lower than on Sunday. At 9:00 Moscow time, the Moscow Stock Exchange index (IMOEX) lost 0.41%, to the level of 2476.88 points. Compared to Friday, the Russian indicator added 0.53%.
Last weekend turned out to be positive: the Moscow Stock Exchange Index added about 1% during Friday and the weekend, approaching 2,490 points even though oil prices remained below $100 per barrel. Buyers' interest is fueled by the anticipation of the upcoming negotiations in Abu Dhabi (which should begin tomorrow), as well as a tripartite meeting within APEC in November, analysts at Sinera Investment Bank noted.
"The market has once again demonstrated immunity to bad news, and the arrival and announcement of interim dividends, together with the continuation of the companies' earnings season, may help prevent a significant pullback in the coming days. At the same time, growth prospects, in addition to the results of the meeting in the United Arab Emirates, also depend on developments throughout Iran," Sinera believes.
Data: TradingView.