New TASE Indices TASE launches new sectoral share price indices:TA-Oil & Gas Index, TA-Insurance Index, TA-Com Index

Press Release
17/02/2011
 
As part of the Tel Aviv Stock Exchange’s (TASE) policy to launch new indices in response to market needs, the Board of Directors approved three new sectoral share price indices at their February 17, 2011 meeting:

1. TA-Oil & Gas Index
2. TA-Insurance Index
3. TA-Com Index


Each one of the new indices will include all shares classified in the respective sectors which meet TASE Index Universe requirements for inclusion in TASE indices.  There will be no limit on the number of index constituents.

Highlights of the new indices (as of February 1st, 2011) are summarized below: 

TA-Com

TA-Insurance

TA-Oil & Gas

 

US $17.8 billion

US $6.4 billion

US $9.2 billion

Market Cap

US $9.5 billion

US $2 billion

US $3.9 billion

Free Float

12

5

15

No. shares

15%

no cap

15%

Weight Cap

 

The new indices will be launched on April 3rd, .2011 and the reference date for setting index composition is March 15, 2011.

 

Ester Levanon, TASE CEO: “The creation of these new indices addresses market demand for ETNs on a wider array of underlying assets. It also affords small companies greater opportunities for gaining exposure and liquidity for its shares”.