INSUBCONTINENT EXCLUSIVE:
Exchange has been closed since Feb
listed companies, those that comprise the benchmark MOEX index, the Central Bank said
trading day will be shortened to just over four hours, with deals starting at 9:50 a.m
Moscow time and closing at 2 p.m
Short selling will also be banned, the regulator announced, in an attempt to limit speculative bids that could send the market into
The government has pledged to buy up to 1 trillion rubles ($10 billion) of assets, including shares and bonds, in an attempt to stabilize
shares, in a bid to protect Russian investors from heavy losses
The Central Bank only took the decision to close the market after the West introduced heavy sanctions on Russia in the days that
the Moscow-based Aton brokerage firm said in a recent research note.Prior to the closure, foreigners such as large Western investment and
pension funds, accounted for around half of all trading on the Moscow Exchange.
