OREANDA-NEWS Following the results of the completed working week, the Moscow Exchange index added more than 60 points and reached 2226 points by the end of the main session on Friday, July 31. This is evidenced by the data of the site.

This week was the second in a row in which the Russian stock market has shown growth. At its five-day high, the index reached 2,281 points, which was the highest value since July 2. Prior to that, it had been declining for 19 consecutive weeks, which was the longest decline in the history of the Moscow Exchange.

Experts disagree on the estimates of the changed dynamics, believing that this may be either a short-term correction or a new trend.

A positive moment for the market was the reduction of the Bank of Russia's rate to 14 percent, but at the same time the regulator removed the mention of further easing from the press release. The Russian stock market also supports the return of oil prices to elevated levels due to the resumption of conflict in the Middle East.

Analysts cite the negative geopolitical background as negative factors, including the lack of negotiations to stop the fighting in Ukraine, uncertainty about fuel and strikes on commercial warehouses, which may affect inflation and lead to a new slowdown in the rate cut.