Russian Rusal, EN+ Group Shares Up By 40-48% Amid US Plans To Remove Sanctions

Russian Rusal, EN+ Group Shares Up by 40-48% Amid US Plans to Remove Sanctions

Shares of Russian aluminum giant Rusal and Russian major energy-related company EN+ Group have grown by 48 percent and 40 percent respectively at the opening of the Moscow Stock Exchange in the wake of the US Treasury revealing its plans to lift sanctions on the companies in 30 days, the market data have shown on Thursday.

MOSCOW (Pakistan Point News / Sputnik - 20th December, 2018) Shares of Russian aluminum giant Rusal and Russian major energy-related company EN+ Group have grown by 48 percent and 40 percent respectively at the opening of the Moscow Stock Exchange in the wake of the US Treasury revealing its plans to lift sanctions on the companies in 30 days, the market data have shown on Thursday.

At the opening of the Moscow Stock Exchange, Rusal shares went up to 39 rubles ($0.58) and EN+ Group shares went up to 424 rubles, hitting their record-high since March and May respectively.

As of 10:07 a.m. Moscow time (07:07 GMT), Rusal shares have grown by 21 percent and EN+ Group shares have grown by 39 percent.