Moscow stocks doubled in six months
The MICEX index past 1000 points this week, up from low 515 in October last year.
Like Oslo Stock Exchange, the Moscow index follows the surging oil prices and positive trends in global stock markets. Analysts from the Bank of Moscow said on Thursday that the Russian economy would find its bottom within the next three months and predicted 7.4 percent GDP growth next year, as well as further strength in the domestic financial markets, reports The Moscow Times.
