YUKOS shares spur growth on stock market

RBC, 29.10.2004, Moscow 11:35:58.

The trading session on the Moscow Interbank Currency Exchange opened with a general increase in prices. The growth was led by YUKOS shares, whose price rose by over 5 percent at the opening. Prices of other highly liquid shares grew by 0.5 percent on average. In the opinion of analysts, a record rise in the Central Bank's gold and foreign currency reserves, high oil prices and excessive ruble liquidity will still be supporting the Russian stock market.

(From RBC, 29.10.2004)