The reconstitution of TASE indices, i.e., the updating of the securities comprising the index, is conducted on the scheduled index reconstitution dates, or upon entry of a new share under the fast track provisions for IPOs and dual listings.
The constitution of the indices is updated at the end of the record date. This reconstitution becomes effective on the index update date. The constituency of the index universe is updated on the update date (Tamar and Rimon), along with the constituency of the indices themselves.
Only shares included in the Tamar and Rimon index universes can be included in real-time quoted equity indices.
Index Update Dates*
|
Record Date |
Publication |
Update Date (becomes effective) |
|---|---|---|
|
The Thursday three weeks prior to the update date, at end of the trading session |
The Thursday two weeks prior to update date*** |
The first Thursday** of May and November, at the end of the trading session. |
* The TA-125 Fossil Free index, TA-Family index and TA-Maala index are updated annually during the November update. The Tel-Div index is updated annually during the time of Tamar's May update, based on the record date data on Tamar's May update.
**If on that day there is no trading on the TASE or on the U.S. Stock Exchanges (NASDAQ/ NYSE) or on the London Stock Excenge the update date is on the next trading day, on which there is trading on the U.S. exchanges and on the London Stock Exchange as well. A change in the update date does not carry a change in the Record Date.
***If on that day there is no trading on the TASE, the publication date is on the next trading day. A change in the publication date does not carry a change in the Record Date.
