The MOEX Russia Index (Russian: Индекс МосБиржи), formerly the MICEX Index, is the main ruble-denominated benchmark of the Russian stock market.[1] It was established by the Moscow Interbank Currency Exchange (MICEX) on 22 September 1997.[2] MICEX merged with the Russian Trading System to form Moscow Exchange (MOEX) in 2011 and the index was renamed to MOEX Russia Index on 27 November 2017.[3]
It has the same composition as the RTS Index, which is denominated in U.S. dollars.[3] The MOEX Russia Index is traditionally favored by domestic investors, while foreign investors prefer the RTS Index.[4] The number of component stocks is variable, and depends on liquidity and trading frequency.[5]