Back to Hompage
Hebrew  |  English  
 
 
     
 
 
HomepageProductsIndicesOverview
Printer Friendly Version    
  My TASE  
 
  Overview
Indices are statistical measures reflecting changes in the securities market. The index is essentially an imaginary portfolio of a select group of securities, reflecting their average price level. Change in an index represents a change in value of the investment for better (profit) or worse (loss).
 
The indices serve as benchmarks for the performance of investment funds and portfolio managers, as well as an underlying asset for financial products such as: Options, Futures, Index Linked Notes and Reverse Certificates.
 
The TASE computes and disseminates several securities indices that are composed and based on criterions such as market capitalization, sector, dividend yield etc.

The TASE calculates and publishes the main indices continuously throughout the trading day, every 15 seconds ("continuous indices"). Other indices are calculated and published only at the end of the trading day.
 
The Indices methodology is handled by the TASE in cooperation with the Israeli Central Bureau of Statistics.
 
Additional information on the indices can be found on each index page on this website and at the TASE rules and regulations section.
More details on the TASE indices:
Equity Indices

1. Market Cap Indices

This group includes equity indices for which market capitalization constitutes the primary criterion for inclusion in an index. For example the TA-25 Index, which tracks the average price of the 25 largest stocks in terms of market capitalization. Additional indices in this group include: TA-75, TA-100, Mid Cap-50, Mid Cap-TA and TA Composite Index.

 

Market Data - Market Cap. Indices

 

2. High-Tech Indices 

Investors interested in tracking the Hi-Tech industry can do so by following the Hi-Tech TASE indices. Indices in this group include: TA-BlueTech-50, TA-Technology and TA-Biomed – which include the leading TASE-listed Hi-Tech shares, subject to their inclusion in the Universe as well as the relevant TASE Hi-Tech sector.

 

Market Data - Sector Indices

 

 

3. Financial Sector Indices

Investors interested in tracking the financial sector can do so by following the financial TASE indices. Indices in this group include: TA-Finance, TA-Banks and TA-Insurance – which include the leading TASE-listed Financial shares, subject to their inclusion in the Universe as well as the relevant TASE Financial sector.

 

Market Data - Sector Indices

 

 

4. Other Sector Indices

Investors interested in tracking specific sectors can do so by following the TASE sector indices. Indices in this group include: TA-Oil & Gas, TA-Com and Real Estate-15 – which include the leading TASE-listed shares in these sectors, subject to their inclusion in the Universe as well as the relevant TASE sector classification.

 

TASE calculates and publishes additional sector indices at the end of each trading day, such as the Commerce & Services index, Investment & Holding index, etc., which include all shares in the sector or the sub-sector.


 

Market Data - Sector Indices

 

5. Qualitative Characteristic Indices

TASE computes and disseminates additional indices, such as the Maala Index and the Tel-Div index.

 

The Maala Index is comprised of TASE-listed companies included on the Maala organization’s corporate social responsibility (CSR) ranking, subject to their inclusion in the Universe.

 

The Tel Div Index includes large market cap shares in the Universe that have minimum of 2% dividend yield and match the index criteria.

 

 Market Data - Additional Indices

Bond Indices

1. Tel Bond Indices

 

This group includes corporate bonds indices, for which the primary criterion is market capitalization. The group is divided into two categories:

 

  • CPI-linked
    Indices of the CPI-linked bonds with the highest market caps, subject to their compliance with the criteria (i.e. credit rating, liquidity, maturity, etc.). 
    Six  indices currently populate this category:
    • Tel Bond CPI-Linked – Tracks all CPI Linked bonds  included in the bond universe.
    • Tel Bond-20 – Tracks the 20 largest-cap. CPI-linked corporate bonds included in the bond universe.
    • Tel Bond-40 - Tracks the 40 largest-cap. CPI-linked corporate bonds included in the bond universe, that are not included in the Tel Bond-20.  
    • Tel Bond-60 – Tracks the bonds included in the Tel Bond-20 and Tel Bond-40 indices.
    • Tel Bond CPI-Linked SmallCap Tracks all CPI Linked bonds included in the bond universe and not included in Tel Bond-60.
    • Tel Bond-CPI Linked Bank Tracks all bank issued CPI Linked bonds which are included in the bond universe.
  • NIS-denominated (non-linked)
    • Tel Bond Shekel Index – tracks all fixed-rate corporate bonds included in the bond universe, which are not CPI-linked and meet the Index’s criteria.
More links
Index Products
Actions