Connect with us

Hi, what are you looking for?

Jewish Business News


Tel Aviv Stock Exchange Not Included in Risk Analytics Group MSCI Europe Index

TASE head of international sales Sharon Naveh told “Bloomberg.”: We may see this great disappointment reflected in the market.

Tel Aviv stock exchange

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

/ By Koby Yeshayahou /

The Tel Aviv Stock Exchange (TASE) has had its application to join MSCI Europe rejected, “Bloomberg” reported last night. “Institutional investors consulted are not supportive of an inclusion of the MSCI Israel Index in the European gauge, ” New York based index provider MSCI said last night after markets closed.
The TASE management had requested that the stock exchange in Ahad Ha’am Street be included in the MSCI Europe index following a significant drop in trading volumes since the Israeli stock market switched from the emerging markets to the developed markets index in 2010.
TASE head Ester Levanon believes that inclusion in the MSCI Europe index would add up to several billion dollars in trading turnover.
TASE head of institutional and international sales Sharon Naveh told “Bloomberg, “This is a great disappointment and we may see this reflected in the market tomorrow. There were great expectations about an entry into the Europe Index and for the potential inflow of money this move could have brought.”
Merril Lynch Israel research department head Haim Israel told “IDF Radio” (Galei Zahal), “MSCI’s decision is very problematic and could deal a severe blow to the TASE. The meaning is that most investors worldwide don’t want to see Israel on the index and that is not a sympathetic situation. Therefore, we can expect low trading volumes to continue.”
However, one senior TASE trader told “Globes that while the decision is disappointing it won’t draw a response from the TASE. He said, “The Israeli market had no expectations about being included in the MSCI Europe index so it won’t fall because it is not being included.”

Published by




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.