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Updated March 24, 2022 10:00 am ET / Original March 23, 2022 3:23 pm ET
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The Russian stock market, which has been closed since the end of February following the invasion of Ukraine, partially reopened on Thursday and rose as much as 12% before finishing with gains of about 4.4%.
The MOEX Russia Index traded just 33 stocks out of the index’s normal 50. The market was opened for only four hours, closing at 2 p.m. local time. Stocks such as energy giant Lukoil and Gazprom finished the session with gains.