TA-100 Index

The TA -100 index ( Tel Aviv 100 Index ) is an Israeli stock index. It includes the 100 largest public companies in the Tel Aviv Stock Exchange ( TASE ).

Calculation

The TA -100 index is technically a performance index that is weighted by the market capitalization (on free float basis). It contains all the business of the TA -25 index and the TA -75 index. The weighting only the freely tradable securities of public companies are taken into account. When TA -100 index is assumed that all cash dividends and other income from the ownership of shares as of subscription rights and other related values ​​are reinvested in shares of the index. The dividends are added to the weighted market value of the index: If a distribution to investors, reduces the share price usually by the amount of the dividend. The payments will be the course slammed in again.

About the composition decides the Israeli Securities and Exchange Commission, which checks the index and quarterly ( February, May, August and November), and adapts. The investment universe consists of all companies based in Israel, on the Tel Aviv Stock Exchange ( TASE ) listed. To create a selection list the companies in the investment universe are sorted in descending order by market capitalization. A special feature of the index is its relatively restrictive cap limit at a level of 10.0 percent. This is to ensure that individual companies do not exert dominant influence. Heavyweights are for example Teva Pharmaceutical Industries, Bank Leumi and Israel Chemicals.

The calculation is during the TASE trading hours, Sunday to Friday, 9:45 bis 16:30 clock clock local time ( 8:45 bis 15:30 clock clock CET) updated every 30 seconds.

History

Historical Overview

The TA -100 index was launched on 1 January 1992 with a base value of 100 points. On 9 June 1998 the stock index ended trading at 336.64 points. Four months later, on 8 October 1998, the index closed lower at 249.19 points, up 26.0 percent. In the following 17 months, the TA -100 increased again. On 3 January 2000, he overcame with a final score of 504.66 points for the first time, the limit of 500 points. On 5 March 2000, the stock market barometer closing at 585.99 points. Since October 1998 the profit amounted to 135.2 percent.

After the bursting of the speculative bubble in the technology sector ( dotcom bubble ) of the stock index fell to a low of 303.65 points to 13 February 2003. That was a decline since March 2000 by 48.2 percent. February 13, 2003 marks the end of the descent. As of early 2003, the TA -100 began to rise again. On 14 February 2007, the stock market barometer closed at 1001.68 points for the first time over the 1,000 -point mark. On 31 October 2007 the stock index ended trading at a record high of 1189.04 points. Since the low point in February 2003, the profit amounted to 291.6 percent.

In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, began the TA -100 to decrease again. On 13 November 2008 the stock index fell by a final score of 595.17 points below the threshold of 600 points. A new low was achieved by the Index on 23 November 2008, when he finished trading at 517.73 points. Since the peak in October 2007, this represents a decrease of 56.4 percent. It is the biggest downfall in the history of TA -100.

The November 23, 2008 marked the turning point of the descent. From the autumn of 2008, the stock index was back on the way up. On 16 January 2011, the TA -100 with a closing level 1247.92 points, an all time high. The gain since November 2008 is 141.0 percent. The slowdown in the global economy and the intensification of the euro crisis led to a fall in the index. On September 12, 2011, the TA -100 Index ended trading at 897.98 points. The loss since January 16, 2011 amounts to 28.0 percent.

The announcement of new bond purchase programs of the European Central Bank, the U.S. Federal Reserve and the Bank of Japan led to a recovery of prices in the stock market. The monetary stimulus played a greater role in price formation, as the global economic slowdown and the position of the company. On 11 December 2012, the index closed at 1098.53 points, up by 22.4 per cent as on September 12, 2011.

Highs

The overview shows the all-time highs of the TA -100 index.

Milestones

The table shows the milestones of the TA -100 index.

Annual development

The table shows the development of the TA -100 index.

Largest companies

The table shows the 25 companies with the highest index weighting ( as at 21 March 2011).