Around the World's Markets: Moscow

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The Independent Online
RUSSIAN SHARES made further advances yesterday with key indices closing at their highest since late July and traders bullish about more gains in the near future.

The benchmark RTS1-Interfax index closed up 3.30 per cent at 124.99, its highest since 28 July, when the index fell to 123.65. The broader Reuters Russian composite tacked on 3.95 per cent to close at 636.11. "We are in one of those rare periods when everything seems to be working in the market's favour," said one Western trader.