Moscow Exchange adopts the Iranian scenario

The main index of the Moscow Exchange returned to its level of early March 2022, at this time the West began to impose broad sanctions against Russia against the backdrop of a Western investor leaving it and falling stock indices.

Yesterday, the index of MICEX shares denominated in rubles ended at 2819.30 points, up 0.56% from the previous settlement price.

For comparison, the main stock index at the beginning of March last 2022 fixed a value at the level of 2759.64 points, which indicates the recovery of the Russian stock market from the effects of Western sanctions.

Growth came in the last period thanks to a local investor, and this is exactly what the first deputy chairman of the Central Bank of the Russian Federation Vladimir Chistyukhin expected in mid-May, when he predicted a repetition of the “Iranian scenario” in the Russian stock market, which revolves around the emergence of rapid growth thanks to the investments of the local population.

“I think that after some time we will have an Iranian scenario in the sense that with a great dependence on a local investor, maybe after some time, by attracting foreign investors, we will be able to grow very strongly in the capital market,” Chistukhin said.

Source: RT + News