The index is scheduled for a periodic change after the close of trading Tuesday. The expectation is for ALVR to be replaced by Lipman(LPMA). This may explain the relative weakness today. Any idea how far down the stock drops if that, and the weak market in general, is behind the decline today?
This index is meaningless bullshit. The whole Tel Aviv Stock Exchange is a joke.Just look at the volumes and you will understand why. People are investing there only for tax reasons, and perhaps also the comission fees are cheaper. In early 2005 the plan is to stop the tax differences, and we will see then if TASE worth anything at all.