Tel Aviv Stock Exchange (TASE) Opens Supersectors

TEL AVIV, Israel, October 30, 2013 /PRNewswire/ --

In recent years the Tel Aviv Stock Exchange (TASE) has endeavored to realize its high tech vision of developing TASE as an international center for the listing and trading of tech and "biomed" companies. Some 135 high tech companies currently trade on TASE.  As part of the implementation of this strategic vision, TASE industrial classifications have been adjusted to those accepted by index vendors and data disseminators worldwide, facilitating the comparison between markets. In addition, four supersectors have been defined: High Tech; Finance, Real and Financial Instruments. Based on their sectoral classification, TASE-listed companies will be classified according to these supersectors as well. This division contributes to the strengthening of ties between the supersectors and TASE sectoral indices, such as the TA BlueTech-50 and TA Finance indices. It also underscores the variety of TASE-listed companies, distinguishes financial instruments from shares and enables TASE to provide precise cumulative market cap, trading volume and other data for the various sectors.

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The classification into supersectors will commence and be published starting 3 November 2013.

Attached please find the supersector classification.

1. Supersector Definitions

The four supersectors and list of sectors comprising them are as follows:

   a. High Tech Supersector

will include the following sectors:

• Biomed
• Technology
  

   b. Finance Supersector

will include the following sectors:

• Banks
• Insurance
• Financial Services (currently classified as a subsector under Commerce & Services)

   c. Real Supersector

will include the following sectors:

• Commerce and Services
• Real Estate & Construction
• Industry
• Investment & Holdings
• Oil & Gas Exploration
  

   d. Financial Instruments Supersector

will include the following sectors:

• Structured Bonds
• ETNs

For more information please contact:
Idit Yaaron or Orna Goren, TASE, +972(3)5677-405/6

    Visit the Tel Aviv Stock Exchange's Website: 
http://www.tase.co.il

SOURCE Tel Aviv Stock Exchange Ltd