Vision replaces Muskita in FTSE-Med 100

Vision International People Group has replaced Muskita Aluminium as Cyprus’ fifth title in the FTSE -Med 100 index, which comprises the top companies from Greece, Israel and Cyprus.

Following a review of the Advisory Committee of the FTSE-Med 100 index, which was first launched on June 19, 2003, it was decided that Muskita Aluminium will be removed from the index due to its declining market cap and instead, Vision International People Group will take its place.

The index, composed of 100 stocks from the three exchanges, some of which are also listed on US and European exchanges aims to strengthen the cooperation between the three Exchanges in the region, offering at the same time a useful tool to the investors in the three countries and internationally, in order to assess trends and developments in these markets.

Having applied the Index Ground Rules, four stocks listed on the Tel-Aviv Stock Exchange, two stocks listed on the Athens Exchange and one Stock listed on the Cyprus Stock Exchange will be added in the index for the next semester (until April 2006) and four stocks listed on the Tel-Aviv stock Exchange, two stocks listed on the Athens Exchange and one stock listed on the Cyprus Stock Exchange which have been included during the previous semester, will be deleted. The Index is composed of 48 stocks listed on the Tel-Aviv Stock Exchange, 47 stock listed on the Athens Exchange, and 5 stocks listed on the Cyprus Stock Exchange.

Bank of Cyprus is currently ranked in 18th position in the FTSE-Med 100 index, Laiki Bank in 33rd position, Hellenic Bank n 95th position, Vision in 99th position and Louis Public Co. in 100th position.

The report covering analytical data and past performance of the FTSE Med 100 Index will be available on the web-site of FTSE www.ftse.com, two weeks after the meeting of the Advisory Committee.