By William Mauldin
Jan. 11 (Bloomberg) -- Russian stocks climbed in the first day of trading this year, led by oil producers OAO Rosneft and OAO Lukoil after crude advanced.
The 30-stock Micex Index added 2.6 percent to 635.70 at 10:33 a.m. after dropping 67 percent last year. The RTS Index rose 1.5 percent to 641.45.
Russia’s Urals blend of crude climbed to $43.23 a barrel on Jan. 9, compared with $36.24 a barrel on Dec. 30, the last full day that Moscow stock exchanges were open. Brent crude rose 11 percent to $44.42 a barrel during that period.
The dollar-denominated Russian Depositary Index, a measure of Russian global depositary receipts trading in London, has advanced 6.6 percent this year while Moscow exchanges were closed.
State-run Rosneft advanced 2.11 rubles, or 1.9 percent, to 112.40 rubles on the Micex Stock Exchange. Lukoil retreated 38.51 rubles, or 4 percent, to 1,000.11 rubles.
To contact the reporter on this story: William Mauldin in Moscow at wmauldin1@bloomberg.net.
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