Russian stock indices rise, analysis attributes it to geopolitical situation as the primary reason

At the close of the main trading session on Friday, the MOEX index rose by 4.35% to 2721.14 points; the RTS index, denominated in US dollars, increased by 1.9% to 1058.51 points. BCS World of Investments stock market expert Alexander Shepelev noted: "On Friday, the MOEX index maintained its upward momentum, striving to hold above the 2700-point mark. The primary driving factor is geopolitical, as the presidents of Russia and the United States held a phone conversation yesterday and agreed to meet face-to-face in Budapest, reigniting hopes for a de-escalation of the Ukraine conflict. Additionally, Trump stated that now is not the 'best time' to impose sanctions on Russia. Another factor supporting the stock market is the ruble re-entering a depreciation channel." Freedom Finance Global chief analyst Natalia Milchakova stated: "The leading stock in the Russian market is Pozitiv Group, which rose by 5%, possibly related to market expectations that the government will provide support to Russian software developers."