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Tel Aviv Exchange Targets Overseas Technology Equities

The Tel Aviv Stock Exchange is trying to give local investors a taste of the rally in technology stocks that they missed.

The TASE, as the exchange is known, said last week that it’s looking to create an index that will include technology stocks traded locally and overseas. The Bloomberg Israel-US Equity Index of largest Israeli stocks traded in New York has gained 27 percent in the past year, nearly three times the advance of the benchmark TA-25 Index. Check Point Software Technologies Ltd. reported earnings on Jan. 28 that beat estimates, driving shares to the highest in 12 years.