TASE to Expand the Range of Equity Indices: The TA-Technology 35 Index Will Include the Largest Technology Companies
For the First Time - The TA-Energy Index Will Include All Energy Companies
The launch of these new indices follows the growing interest shown by local and foreign investors in these sectors and is designed to provide investors with a wider variety of investment products, increase the competition in the capital market, and enhance liquidity on TASE.
The new Indices will join 5 new equity indices and 3 new bond indices launched in the past six months, to name a few the
With the launch of the new indices, issuers of tracking products, such as investment houses and insurance companies, are expected to develop and offer the public unique investment products that will track the new indices. These new products will provide the public with a wider variety of investment options.
TASE expects to launch additional new indices during the coming year.
TA-Technology 35 Index - The Israeli Blue-Chip Index
Following the success of the flagship TA-35 index and the significant interest recorded for the new
The index will exclusively comprise of the 35 shares with the highest market cap in the TA-Technology index, similar to the Nasdaq 100, and will serve as a home for leading technology companies concurrently listed abroad, which will be registered via dual listing. The combined market cap of the shares that are expected to be included in the index upon its launch is upwards of
The index methodology will follow the familiar methodology of the TA-35 index, which allows for high liquidity; therefore, the market cap limit is significant for institutional investors. The new index will increase competition for inclusion in the new flagship index of the local technology sector and will serve as an underline asset for future launch of derivatives on the index.
To date, only
TA-Israel Energy Index - The Home Index of Israeli Energy
For the first time, the index will include all energy sectors on TASE - fossil energy, oil and gas exploration, and renewable energy (cleantech), gas producers, electricity producers, and refiners. The index is expected to include 27 shares of companies operating in various energy fields (oil and gas production, renewable energy, and energy such as electricity generation, refineries, gas stations, etc.).
The minimum market cap requirement for inclusion in the index will be
The green energy sector is experiencing significant momentum, with many Israeli companies initiating and leading large-scale projects worldwide, alongside high growth potential in the local market. Furthermore, the rapid development of Artificial Intelligence (AI) technologies and massive investments in data centers are creating unprecedented demand for electricity and increasing the need for diverse energy solutions based on various sources. The sector, which includes natural gas production, traditional energy production, and green energy production, enjoys growing demand. The
The launch date for both new indices is
Tom Alhadif,
Head of Market Development
Tel: +972 76 8160485
toma@tase.co.il
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il
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