Russian stock market briefly sags on blast news

By IANS/RIA Novosti,

Moscow : Key indexes of Russia’s leading stock
exchanges dipped Monday morning on news of bomb attacks in two metro stations here.


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However, the indexes recovered soon afterwards.

The first blast took place at 7.52 a.m. at the Lubyanka metro station, close to the Federal Security Service (FSB) headquarters, killing at least 23 people and injuring 18.

The second blast occurred about 40 minutes later at the nearby Park Kultury metro station, within walking distance of the Kremlin. The blast killed at least 12 people and injured 15 others.

The index of the ruble-denominated MICEX opened 0.2 percent down while the dollar-denominated RTS declined 0.3 percent in the first minute of trading Monday despite a favourable situation on global trading floors.

However, 15 minutes later, both indexes rebounded, with the MICEX gaining 0.02 percent to 1,416.04 points and the RTS rising by 0.01 percent to 1,519.98 points as of 10.51 a.m.

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