Overview
- By 11:31 Moscow time, the MOEX index was up nearly 2.5% at 2,571.24 after an early dip to 2,492.20.
- The rally followed a Reuters report that U.S. envoy Steve Witkoff will visit Turkey on November 19 for a meeting with Volodymyr Zelensky.
- A Turkish diplomatic source told RIA Novosti that Ankara plans to restart meetings between Russian and Ukrainian delegations in Istanbul.
- The rebound comes after Monday’s 0.6% decline that left the MOEX at 2,510.64, with LUKOIL down more than 3% and PIK up about 10.8% following a shareholder vote.
- Domestic broker forecasts for November 18 had the MOEX in a 2,500–2,600 band, a range the index revisited during the session.