The TA BlueTech Index is a
stock market index
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance.
Two of the ...
all
capitalised
Capitalization (American English) or capitalisation (British English) is writing a word with its first letter as a capital letter (uppercase letter) and the remaining letters in lower case, in writing systems with a case distinction. The term a ...
information technology
Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system ...
and
biotechnology
Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...
companies listed on the
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by ...
(TASE). The index was launched on 3 April 2011 as the TA BlueTech-50 Index and replaced by the Tel-Tech Index and the Tel-Tech 15 Index.
In June 2014, as a result of changes in the criteria required for companies to be listed in the Index, its name was changed to "TA BlueTech Index".
History
The TA BlueTech-50 Index was launched as part of an effort by the
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by ...
to transform itself into a leading global exchange for high-tech companies and lure more overseas investment. Additionally, the Exchange has hoped to attract Israeli technology companies that historically been listing on the
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
to list in
TASE
The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by ...
. The
TA-Technology Index, which includes all the
Information Technology
Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system ...
companies listed on TASE, was launched at the same time. The
TA-Biomed Index, which includes all the
Biotechnology
Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...
and
Biomedical engineering
Biomedical engineering (BME) or medical engineering is the application of engineering principles and design concepts to medicine and biology for healthcare purposes (e.g., diagnostic or therapeutic). BME is also traditionally logical sciences ...
companies om TASE was launched one year earlier. The BlueTech-50 included the 50 most highly
capitalised
Capitalization (American English) or capitalisation (British English) is writing a word with its first letter as a capital letter (uppercase letter) and the remaining letters in lower case, in writing systems with a case distinction. The term a ...
companies from both indices.
In May 2014, the
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by ...
launched a new Index called
TA Tech-Elite Index, comprising all the companies listed on either
TA-Biomed Index or
TA-Technology Index with a market worth of at least 400 million
NIS. Also, in order to attract new companies, it was decided that under some circumstances new companies will be allowed to be listed on Tech-Elite Index if their market worth is at least 200 million NIS.
In accordance with the launching of Tech-Elite, it was decided that the BlueTech index will include all companies listed on TA-Technology Index and TA-Biomed Index, starting 15 June 2014.
Constituents
Constituents of the TA BlueTech-50 Index as of 1 September 2011
See also
*
Economy of Israel
The economy of Israel is a developed free-market economy. The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability, modern i ...
*
Silicon Wadi
Silicon Wadi ( he, סִילִיקוֹן וְאֵדֵי, ) is a region in Israel that serves as one of the global centres for advanced technology. It spans the Israeli coastal plain, and is cited as among the reasons why the country has ...
*
List of Israeli companies quoted on the Nasdaq
Israel had more companies listed in 2012 on the NASDAQ stock exchange than any country outside the United States, save China. As of 2011, some sixty Israeli companies are listed on the Nasdaq. 2000 was the year that saw the most new Israeli listin ...
References
{{Reflist
External links
TASE web site
Tel Aviv Stock Exchange
Israeli stock market indices