MOEX Russia Index closes down 1.17 percent at 2,444.28 points
Published on 11/10/2026 at 22:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMOEX closes lower as oil retreats
- The MOEX Russia Index ended the November 10 main session at 2,444.28 points, down 1.17 percent.
- Falling oil and precious-metal prices weighed on the market, while a weaker ruble provided partial support.
- Analysts cited caution ahead of Abu Dhabi talks and expect the index to remain within 2,400 to 2,500 points on Wednesday.
The MOEX Russia Index closed Tuesday's main trading session at 2,444.28 points, down 1.17 percent from Monday's close of 2,473.14. The decline was also reflected in the dollar-denominated RTS Index, which fell 0.92 percent to 932.79 points, according to TASS.
Commodity pressure weighs on equities
Andrey Smirnov of BCS World of Investment told TASS that oil prices continued to decline and that Brent tested levels below 90 US dollars per barrel. Precious-metal prices also fell. In his assessment, the resulting pressure on commodity-linked shares was partly offset by a moderate weakening of the ruble.
The market's main declines included Sovcomflot, Polyus, Moscow Credit Bank and Tatneft, while Positive Technologies, Nornickel, VTB and T-Technologies were among the gainers, according to Vedomosti.
Investors await geopolitical signals
Vedomosti reported that investors adopted a wait-and-see stance as two-day talks were taking place in Abu Dhabi. The publication also cited the increase in the Finance Ministry's daily foreign-currency purchases under the budget rule to the equivalent of 15 billion rubles. According to the cited analyst, that policy could shift the currency-market balance against the ruble, although export proceeds and a pause in interest-rate cuts were described as sources of support.
For Wednesday, BCS World of Investment forecast the MOEX Russia Index in a range of 2,400 to 2,500 points. Freedom Global analyst Vladimir Chernov gave the same range, according to TASS. The outlook remains sensitive to oil prices, currency movements and developments from the Abu Dhabi talks rather than representing a directional recommendation.
More coverage of the MOEX Russia Index is available here.
