KAMAZ shares jumped 20% following Putin's statement.
At its peak, the KamAZ share rose by 16.64% compared to Sunday, to 70.1 rubles per share. Compared to Friday's close, the increase was 20%.
Before that, Russian President Vladimir Putin, in a meeting with the head of Tatarstan Rostam Minikhanov in the Kremlin, expressed an idea to update the regional transport, which can support KAMAZ, the Kremlin press service reported.
"We also need to make a plan to update regional and city vehicles. We will support mechanical engineering," Putin said.
Read more KamAZ shares jumped 20% following Putin's statement.
Data: TradingView.