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Puig rises as it lines up to join IBEX 35



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** Puig's PUIGb.MC shares rise around 3% as the cosmetics companyis set to join Spain's blue-chip equities index on July 22

** Puig will replace Melia Hotels MEL.MC, which is down 3%,at the bottom of the IBEX 35 .IBEXindex

** Puig -- the owner of Rabanne and Carolina Herrera perfumes -- listed just over two months ago in Spain's biggest initial public offering (IPO) in nearly a decade

** Its stock is up some 6% since the IPO





Reporting by Maria Luiza Amaral

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