Russia's domestic stock investors, shut off from the international financial system, have helped send the Moscow Exchange to a 12-month high

• Russia's benchmark MOEX index is trading at levels not seen in over 12 months.
• Russia's stock market is boosted by domestic investors who have few options amid sweeping sanctions.
• The MOEX Russia Index has gained 24% so far this year after tanking 42% in 2022.

Moscow's stock market hit its highest level in over a year thanks to the country's domestic retail investors who have been left with little option about where to invest their money.

The benchmark MOEX Russia Index on the Moscow Exchange hit a high of 2,646.18 on Thursday — its highest level since early April 2022.