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The Nasdaq Stock Market, Inc. (NASDAQ(r)) (Nasdaq:NDAQ) announced plans to introduce the NASDAQ Israel Index(sm) (Nasdaq:ISRQ), which is designed to track the performance of U.S.-listed companies that are incorporated in Israel. NASDAQ began disseminating the index on November 17.
The NASDAQ Israel Index is an important tool to follow the performance of innovative companies that have fueled one of the world's most important economies. The index includes over 70 Israeli companies, most of which are listed on NASDAQ. NASDAQ provides these companies, which have a combined market capitalization of $50 billion, with high visibility and access from the U.S. to a large pool of investors worldwide.
"This index will serve as a powerful metric by which investors can track the performance of Israeli companies that have attained extraordinary achievements in areas as wide-ranging as manufacturing, agriculture, and high technology," said NASDAQ Executive Vice President John Jacobs. "The companies in this index have played a critical part in Israel's increasingly influential role in key sectors of the global economy."
Charlotte Crosswell, Head of NASDAQ International said, "The index highlights NASDAQ's 25 years of activity and commitment to the Israeli market. We are confident that the index will further enhance the visibility of the Israeli companies among U.S. and international investors as well as help investors from around the world look to invest in the Israeli economy."
The NASDAQ Israel Index is calculated using a modified market capitalization methodology. The index will be calculated and disseminated on a price return basis (Nasdaq:ISRQ) and a total return basis (Nasdaq:ISRX).
NASDAQ has been a leading index provider since 1971 and is committed to providing relevant market indexes and services to all investors. NASDAQ indexes are the basis for over 400 financial products in over 30 countries. NASDAQ's index engine is built upon NASDAQ's industry-leading technology platform. All existing NASDAQ indexes are calculated on this platform, including the world renowned NASDAQ-100 Index(r), the NASDAQ Financial-100 Index(r) and the NASDAQ Composite Index(r). NASDAQ can calculate and disseminate indexes that include securities listed on NASDAQ, the New York Stock Exchange and the American Stock Exchange.
