Moscow Stock Exchange reopens trading

Moscow’s Stock Exchange reopened on Thursday after plunging almost 14 percent, hours after President Vladimir Putin announced a military offensive on Ukraine.
The ruble-dominated Moex index was down 13.97 percent, according to the exchange’s website, while the dollar-dominated RTS was down 20.16 percent. The exchange announced a temporary suspension of trading earlier on Thursday.
The ruble meanwhile fell by nine percent to 90 against the US dollar, hitting an all-time low before bouncing back slightly.
Moscow’s Stock Exchange said it was “suspending” trading earlire Thursday.
The Saint Petersburg Stock Exchange also said it was stopping trading.
“The exchange announces a ban on submitting orders and concluding contracts in all trading modes,” it said in a statement, adding that it will take effect “from 0810 Moscow time,” (0530 GMT).
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
- Libyans should vote to determine their future, says President Saied - May 21, 2023
- Ukraine wins access to F-16s after Zelensky meets with G7 leaders - May 21, 2023
- Al-Ahly Tripoli defeats Al-Nahda in ACCC qualifiers - May 11, 2023