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08/10/1998 14:46:00 Russia's RTS share index closes down 8.99 pct

MOSCOW, Aug 10 (Reuters) - Russia's benchmark RTS1-Interfax

share index fell 8.99 percent on Monday to 120.91, its lowest

level in more than two years, on a tiny volume of $15.19

million.

The last time the index closed at such a low level was on

May 22, 1996, when it hit 116.18 on volume of $19 million.

Russian shares have come under pressure from weak

international markets and steep falls in Russia's domestic and

foreign debt, traders said.

((Moscow Newsroom, +7095 941-8520

moscow.newsroom@reuters.com))

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