MOEX Russia closes 39 points higher on oil and peace hopes
Published on 10/16/2026 at 23:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOil and geopolitical hopes lift shares
- MOEX Russia closed at 2,426 points on October 16, up 39 points or 1.7 percent.
- Brent futures reached USD 107.39 as oil and geopolitical hopes supported Russian stocks.
- FESCO was the top gainer, rising 7.3 percent after a Rosatom-DP World deal.
- The Bank of Russia's next key-rate decision is scheduled for October 23, 2026.
MOEX Russia closed at 2,426 points on October 16, gaining 39 points or 1.7 percent. Rising oil prices and expectations of improved Russia-US ties supported the benchmark, Interfax reported.
FESCO led the advance with a 7.3 percent gain after a Rosatom deal with DP World, while gold producer Polyus rose 5.8 percent as gold prices strengthened, Finam said.
Why did MOEX Russia rise on October 16?
Brent December futures reached USD 107.39 by 7:00 p.m. Moscow time, up 1.4 percent. Interfax linked the market advance to higher oil prices, statements by U.S. President Donald Trump about the Ukraine conflict and expectations for Russian diesel exports.
The ruble also strengthened. The yuan traded at 12.46 rubles at 7:00 p.m. Moscow time, down 2.25 kopecks from the previous close, according to Interfax.
Winners and losers in MOEX Russia
Winners and losers at the main-session close were listed by MFD:
- FESCO up 7.3 percent: supported by the Rosatom-DP World deal.
- Polyus up 5.8 percent: higher gold prices supported the shares.
- Inter RAO up 4.4 percent.
- Cian down 1.2 percent: the company recommended lower nine-month dividends than expected.
- Lenta down 0.7 percent.
- Sovcomflot down 0.6 percent.
MOEX Russia reaches a four-month closing high
The index moved above 2,400 points and recorded its highest closing level in four months, according to Interfax. The previous comparable closing high was reported on June 18.
The main-session gain followed a 1.4 percent decline on October 15, when MOEX Russia closed at 2,387 points. The week ended with the index up 4.5 percent, Interfax reported.
What comes next for MOEX Russia
Russia's next major monetary-policy date is October 23, 2026, when the Bank of Russia is scheduled to publish its updated inflation forecast alongside the key-rate decision, the Bank of Russia said.
MOEX Russia price data for October 16, 2026
MOEX Russia closed at 2,426 points on October 16, up 39 points or 1.7 percent from the previous close, TASS reported. The previous close was 2,387 points on October 15.
MOEX Russia by the numbers on October 16, 2026
- Index: MOEX Russia
- Home exchange: Moscow Exchange, Russia
- Close on October 16, 2026: 2,426 points
- Change versus previous close of October 15, 2026: up 39 points (up 1.7 percent)
- Previous close: 2,387 points
- Top gainer: FESCO up 7.3 percent
- Top loser: Cian down 1.2 percent
- Next scheduled event: October 23, 2026: Bank of Russia key-rate decision and updated inflation forecast
