Russian Markets Surge Following Putin-Trump Phone Call

Russian stock markets experienced a significant rally immediately following the telephone conversation between Presidents Vladimir Putin and Donald Trump, with major companies' market capitalization increasing by $2.2 billion within an hour, reports Orda.kz.

The Moscow Exchange Index (MOEX) reached a seven-month high, exceeding 3100 points for the first time since July 2024. The evening IMOEX2 index initially showed a 3.01% increase to 3116.85 points before accelerating to 4.5% growth.

Leading Russian companies recorded gains in their share prices:

• Unipro - 8.85%
  
• NOVATEK - 8.51%
  
• Gazprom - 8.13%
  
• Sovcomflot - 7.81%
  
• Transneft - 6.03%
  
• Yandex - 6.02%
  
• T-Technologies - 5.83%

Other major corporations also saw significant stock value appreciation, with Sberbank rising by 4%, Rosneft gaining 2.1%, and other Russian companies experiencing additional growth.

Original Author: Rustam Muratov