The index El Al is joining: what the TA-35 Index on the Tel Aviv Stock Exchange tracks
Background
El Al joins the TA-35 Index as it reports record revenue for the third quarter. The TA-35 Index tracks 35 of the largest companies listed on the Tel Aviv Stock Exchange. El Al is the Israeli flag carrier and flies from Ben-Gurion Airport. Revenue rose to a record $1.27 billion in the quarter. El Al also posted a net profit of $175 million, down about 14% from $203 million a year earlier. A share index of this kind is the common measure of how listed firms in a country are valued.
Index:
TA-35 Index
Companies tracked:
35
Exchange:
Tel Aviv Stock Exchange
Airport:
Ben-Gurion Airport
Why it matters for exams: The durable facts are the TA-35 Index, the Tel Aviv Stock Exchange that lists it, and El Al as the Israeli flag carrier flying from Ben-Gurion Airport.
UPSCBank
In plain words
TASE Tel Aviv Stock Exchange — The only stock exchange in Israel, where the TA-35 Index is computed.