Russian shares rally with int'l markets
MOSCOW. July 12 (Interfax) - The Russian stock market rallied along with the international markets on Friday after the head of the Federal Reserve said stimulus measures would continue, and as leading American banks unveiled strong quarterly earnings reports.
The MICEX stock exchange closed up 2.2% to 1398.22 and the RTS up 2% to 1348.81. Benchmark stocks rose up to 5.1% on the Moscow Exchange.
The MICEX gained 4.1% and the RTS 6.3% in the week.
Friday saw gains for Rostelecom (+5.1%), Gazprom (+3.9%), Rosneft (+3.1%), Sberbank (+3.2%) and Tatneft (+3.1%).
Second-tier advancers included Mosenergo (+3.7%) and Kamaz (+3.3%).
There were losses for IDGC Center & Volga (-3.3%), PIK Group of Companies (-3.1%), Energy System of East (-3.1%), Irkutskenergo (-2.8%) and Belon (-1.5%).
Combined trading volume on the main MICEX-RTS market was 39.888 billion rubles, of which 11.65 billion rubles in Sberbank ordinary shares. Standard market turnover was $11.425 million and Classica - $2.212 million.
