Russian equity markets advanced during the main trading session on Thursday, buoyed by the Bank of Russia's decision to lower its key interest rate to 14% per annum.
The MOEX Index climbed 0.35% to 2,152.57 points, while the dollar-denominated RTS Index mirrored the move, rising 0.35% to 864.88 points.
83, a gain of 2.16%. Wednesday's session saw further upward momentum as both indices posted gains, extending the positive trend into Thursday's trade.
The rate cut provided immediate support for risk assets, reversing earlier session volatility.
The MOEX Index had dipped below 1,900 points in early trading on Monday before recovering to close at 2,000.83, a gain of 2.16%.
Wednesday's session saw further upward momentum as both indices posted gains, extending the positive trend into Thursday's trade.
The central bank's easing signal appears to be stabilizing sentiment after a period of uncertainty.