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. Last Updated: 07/27/2016

Market Rises 1.47%

MOSCOW -- Russian shares closed mostly firmer Monday, supported by strong domestic demand and the absence of sellers among Western players, traders said.

But they also said that the market's recent gains, which some attribute in part to theruble's climb, could not extend much further unless foreign demand improved.

The dollar-denominated Moscow Times Index of 50 leading shares closed up 1.47 percent at 82.03. The RTS index rose 2.45 percent to 102.73.