MOSCOW (AP) -- Russia's stock exchanges have resumed trading shortly before they were due to close.
Trading resumed late Friday afternoon after a volatile session saw stocks shoot higher.
They were rebounding off the government's efforts to rush through emergency measures that included more money for banks and purchases of shares to stem plunging prices.
Both RTS and MICEX bourses twice called a halt to trading after shares gained sharply, breaching technical limits.
The dollar-denominated RTS had climbed by 22.7 percent on Friday, while the MICEX soared by 31.4 percent.
Normal trading on both indexes was closed down on Wednesday and Thursday after the MICEX suffered one-day losses on a scale not seen since Russia's 1998 financial collapse.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.