Russian stocks open higher; MICEX index gains 1.2% in first min

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Russian stocks open higher; MICEX index gains 1.2% in first min

MOSCOW. Oct 19 (Interfax) - Russian stocks opened higher on Monday, reversing the losses on Friday amid stabilizing stock exchanges abroad and higher oil prices.

The MICEX index was up 1.2% to 1,332.87 points as of 10:31 a.m. and the RTS index was unchanged at 1,408.69 points. The blue chips had posted gains in the range 0.8%-1.9%.

RTS futures were just 6.8 points below fair value indicating moderately negative sentiment.

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