As of this day, the basket of securities comprising the MICEX Index will include common shares in Gazprom, Mobile TeleSystems, Uralsvyazinform, RBK Information Systems as well as preference shares in Transneft. Preference shares in AvtoVAZ, preference shares in Rostelecom, preference shares in Tatneft and common shares in YUKOS have been excluded from the MICEX Index. In accordance with the revised calculation methodology, the maximum weight of each security in the MICEX Index will not exceed 15% as of the beginning of calculation of the MICEX Index on the basis of the new basket of securities. Thus, as of 14 March 2006, the MICEX Index, which is acknowledged as the indictor of the Russian stock market and accounts for 83% of the liquidity of the Russian market, is comprised of 19 securities.
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