A view of the Moscow’s stock market building in downtown Moscow, Russia, on February 28. (Natalia Kolesnikova/AFP/Getty Images)
The Moscow Stock Exchange will partially reopen for trading in Russian stocks on Thursday, Russia’s Central Bank announced today.
The Central Bank of Russia said trading in 33 stocks will resume on March 24 between 9:50 a.m. and 2 p.m. local time.
The Russian equities allowed to resume trading include big companies such as Gazprom, Lukoil, VTB Bank, Sberbank, Rusal and Rosneft.
The central bank said there will be a ban applied on short shelling for these shares.
“The working hours of the Moscow Exchange for the following days will be announced later on the official website of the Bank of Russia,” it added.
The stock exchange has been closed for almost a month following a big sell-off due to Russia’s invasion of Ukraine. Trading has been suspended since Feb. 28.