What is the MICEX index?

The MICEX is Russia’s benchmark stock market index. It’s made up of 50 blue chip companies traded on the Moscow Exchange, including Gazprom and Sberbank. The index is denominated in Russian rubles.

Where have you heard about the MICEX index?

You'll probably be aware that oil is a major export in Russia, and it’s the main market driver, so when oil prices rise, you’ll likely see that reflected in the MICEX index.

What you need to know about the MICEX index.

The MICEX index was launched in September 1997 with a base value of 100. In September 2016, it broke the 2000 barrier for the first time. It’s a cap-weighted composite index that is calculated in real time based on the prices of the largest and most liquid Russian stocks in the main sectors on the Moscow Exchange.

The Moscow Exchange was formed in December 2011 following a merger between the two largest Moscow exchanges, the Moscow Interbank Currency Exchange (MICEX) and the Russian Trading System (RTS).