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Bethel Finance news:
Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) has announced that it will join the Tel Aviv Stock Exchange (TASE) benchmark index, the Tel Aviv 25 Index on December 15.
Mellanox chairman, president and CEO Eyal Waldman said, "We are honored to have our shares included in the TA-25, the Tel Aviv Stock Exchange's most closely-tracked index. Joining the highly ranked index in the Israeli Stock Exchange reflects Mellanox's success and the recognition it receives by the capital market. This milestone is significant for Mellanox, its employees and its shareholders."
Mellanox is currently listed on the Tel Aviv 100 Index and the BlueTech-50 and Technology Index. The company noted that the Tel Aviv 25 Index serves as an underlying asset for options and futures, Index-Linked Certificates and Reverse Certificates traded on the TASE and worldwide.
The Tel Aviv 25 Index currently includes 24 companies, since Makhteshim Agan Industries Ltd. was delisted in October. The TASE will next update the companies included in the Index on January 1, 2012.
Mellanox will join NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) as the second high-tech company on the Tel Aviv 25 Index, which currently includes two pharmaceutical companies - Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) and Perrigo Company (Nasdaq:PRGO; TASE:PRGO) - Israel Chemicals Ltd. (TASE: ICL) - three gas exploration limited partnerships, two oil companies, four banks, and three holding companies.
Mellanox's share price ell 1.1% by mid-afternoon on the TASE today to NIS 132.70, after rising 1.7% on Nasdaq on Friday to $35.10, giving a market cap of $1.38 billion.
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