AGL 37.70 Increased By ▲ 0.13 (0.35%)
AIRLINK 132.55 Increased By ▲ 0.05 (0.04%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.80 Increased By ▲ 0.03 (0.8%)
DCL 8.74 Decreased By ▼ -0.13 (-1.47%)
DFML 40.70 Decreased By ▼ -0.30 (-0.73%)
DGKC 88.50 Decreased By ▼ -1.66 (-1.84%)
FCCL 35.42 Increased By ▲ 0.34 (0.97%)
FFBL 66.20 Decreased By ▼ -0.30 (-0.45%)
FFL 10.38 Increased By ▲ 0.23 (2.27%)
HUBC 109.00 Increased By ▲ 2.60 (2.44%)
HUMNL 14.40 Increased By ▲ 1.00 (7.46%)
KEL 4.85 Decreased By ▼ -0.01 (-0.21%)
KOSM 7.12 Increased By ▲ 0.27 (3.94%)
MLCF 42.44 Increased By ▲ 0.64 (1.53%)
NBP 59.70 Increased By ▲ 1.12 (1.91%)
OGDC 184.60 Increased By ▲ 3.35 (1.85%)
PAEL 25.65 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.93 Increased By ▲ 0.10 (1.72%)
PPL 148.35 Decreased By ▼ -0.05 (-0.03%)
PRL 23.13 Decreased By ▼ -0.09 (-0.39%)
PTC 16.57 Increased By ▲ 1.33 (8.73%)
SEARL 69.75 Increased By ▲ 0.96 (1.4%)
TELE 7.26 Increased By ▲ 0.02 (0.28%)
TOMCL 35.70 Decreased By ▼ -0.30 (-0.83%)
TPLP 7.60 Increased By ▲ 0.20 (2.7%)
TREET 14.23 Decreased By ▼ -0.01 (-0.07%)
TRG 50.82 Decreased By ▼ -0.03 (-0.06%)
UNITY 26.50 Increased By ▲ 0.10 (0.38%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,786 Increased By 18.7 (0.19%)
BR30 29,804 Increased By 404.1 (1.37%)
KSE100 92,116 Increased By 178.3 (0.19%)
KSE30 28,730 Decreased By -13.7 (-0.05%)

MOSCOW: The Russian rouble steadied near 91 to the dollar on Tuesday, while shares in leading lender Sberbank surged to a more than two-year high.

At 0744 GMT, the rouble was unchanged against the dollar at 91.28 and had gained 0.2% to trade at 99.01 versus the euro. It had firmed 0.1% against the yuan to 12.64.

The rouble has now lost support of month-end tax payments that usually see exporters convert foreign currency revenues to meet local liabilities. Brent crude oil, a global benchmark for Russia’s main export, was down 0.4% at $82.49 a barrel. Russian stock indexes were lower.

The dollar-denominated RTS index was down 0.2% to 1,135.0 points.

The rouble-based MOEX Russian index was 0.3% lower at 3,286.9 points.

Russian rouble recovers some ground against US dollar

Shares in dominant lender Sberbank climbed past the 300 roubles per share mark in early trade to reach their highest since early January 2022.

Alor Broker’s Alexei Antonov said the market is expecting a pre-dividend rally from Sberbank shares.

The bank expects to pay 50% of last year’s record profits in dividends.

Comments

Comments are closed.