On Monday, 22/11/2010 on the occassion of the FTSE's semi-annual update of the FTSE Med-100 index, five Israeli shares were added to the index: B Communications, Menorah Mivtachim Holdings, Mellanox Technologies, Internet Gold and Ceragon.
The five Israeli shares replace five shares listed on the Cypriot stock exchange, bringing the total of Israeli shares in teh index to 56, the number of Cypriot shares to 10. The number of Greek shares in the index remains 34.
The FTSE Med-100 index was launched in 2003 and is comprised of the 100 most highly capitalized shares on the Tel Aviv (TASE), Cyprus.(CSE) and Athens (ASE) stock exchanges. The index is administered by the British index vendor, FTSE and is updated semi-annually - after the third weekend in May and November of each year, according to the market capitalitzation of shares as of the end of April and October, respectively.
