TASE to expand MidCap 30 to 50

The TASE said Sunday it will expand its MidCap-30 index to a MidCap-50 effective as of July 1, The move, which will allow the exchange to list the 50 companies with the highest market cap that aren't big enough to trade on the TA-100

The Tel Aviv Stock Exchange said Sunday it will expand its MidCap-30 index to a MidCap-50 effective as of July 1, The move, which will allow the exchange to list the 50 companies with the highest market cap that aren't big enough to trade on the TA-100, comes in response to the large number of companies that made initial public offerings over the past two years, as well as in the hopes of boosting turnover in lower-tier stocks, the TASE said. The changes will come into effect the next time the TASE updates its indexes.