FTSE Med-100 Index Review
Representatives of the Athens Stock Exchange, the Cyprus Stock Exchange and the Tel-Aviv Stock Exchange had a meeting yesterday, 7th of November 2007, at the premises of the Athens Stock Exchange, of the advisory committee for the FTSE Med-100 Index.
The FTSE Med-100 Index, which was launched on the 19/6/2003, is composed of 100 stocks of the three exchanges, some of which are also listed on US and European securities markets.
The advisory committee of the index consists of representatives from the three exchanges and from the global index provider ?FTSE Group?. During this meeting, the committee reviewed the operation of the index for the six months period between May 2007 ? October 2007, in accordance with its ground rules, which are been on international standards.
It was commonly agreed that during the period of the operation of the FTSE Med-100 Index until today, the index achieved the basic aim of strengthening the cooperation between the three exchanges in the region, offering at the same time a useful tool to the investors in the three countries and internationally, in order to assess trends and developments in these markets.
Having applied the index rules, three (3) stocks listed on the Athens Stock Exchange and four (4) stocks listed on Tel-Aviv Stock Exchange will be added in the next semester (until April 2008). At the same time, one (1) stock listed in the Athens Stock Exchange, five (5) stocks listed on Tel-Aviv Stock Exchange and one (1) stock listed on Cyprus Stock Exchange will be deleted.
The index is composed of fifteen one (51) stocks listed on the Athens Stock Exchange, forty four (44) stocks listed on the Tel-Aviv Stock Exchange and five (5) stocks listed on the Cyprus Stock Exchange.
A list of the changes is attached.