Tel Aviv Stock Exchange sets February for new index launches

The exchange will publish information on public holdings on December 31, 2016, followed by a list of conditions for inclusion in the new indexes on January 12.

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August 10, 2016 20:12
1 minute read.
Tel Aviv stock exchange

Tel Aviv stock exchange. (photo credit: REUTERS)

 
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The Tel Aviv Stock Exchange on Wednesday announced the rollout of updated indexes, which will see the TA-25 turn into the TA-35, for example.

The exchange will publish information on public holdings on December 31, 2016, followed by a list of conditions for inclusion in the new indexes on January 12. By January 26, it will announce the make-up of the new indexes, which will officially launch on February 9.

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TASE will also launch additional indexes that will include the TA-SME150 for smaller businesses and the TA-BlueChip15Price Index.

In January, the exchange announced plans to expand its benchmark indexes in order to diversify them.


The TA-25, which includes the top 25 companies on the exchange, will add another 10 companies to the mix in the new TA-35. The TA-75, which included the 75 largest companies after the TA-25, will grow to TA-90. The index combining the two will grow from the TA-100 to the TA-125.

Because many institutional investors and casual investors looking for an easy way to "invest in Israel" simply choose one of its flagship indexes, the makeup of the top indexes is important in terms of directing investments and liquidity in Israel's market.

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