The Irish Stock Exchange (ISE) is Ireland's stock exchange and can trace its history to 1793. In 1799, the Irish Parliament passed the Stock Exchange (Dublin) Act which set up the Dublin Stock Exchange. In 1973, the exchange merged with the other British and Irish stock exchanges. From 1973 to 1995, the Dublin Stock Exchange was a member of the International Stock Exchange of Great Britain and Ireland (now called the London Stock Exchange).The current independent Irish Stock Exchange was established in 1995, breaking the link with London. On 6th June 2000, the ISE closed its famous trading floor in Anglesea Street, Dublin 2, and switched to an electronic trading platform called ISE XETRA. This is owned by, and the same trading platform used by, the Deutsche Borse (Frankfurt Stock Exchange).
Most Irish public limited companies have their primary listing on the Exchange. However it is not compulsory for them to do so (the most notable exception is NTR plc, which is unlisted and traded via a grey market). Some companies based outside of Ireland, such as Tesco also trade on the ISE (often via a secondary listing) for the convenience of their shareholders. The ISE also trades in a number of other equities, and Irish Government bonds
The published index of shares is known as the Irish Stock Exchange Quotient or ISEQ Overall Index. Other indexes of the exchange include the technology based ITEQ Index.
External link
Irish Stock Exchange (http://www.ise.ie/) official website
It was designed to be as flexible as possible so that a number of extra outputs are available, such as an historical track of the performance (in numerical or graphical form) of the indices or any individual component stock.
The components of the ISEQ® Return indices and the rules for inclusion are the same as for the ISEQ® Price Indices.
The difference between the ISEQ® Price and ISEQ® Return Indices is that in the latter, dividends, gross of tax, are assumed to be reinvested immediately on the day the security is marked ex dividend.
ISEQ Index: The ISEQ Index is the official index of the Irish Stock Exchange.
The ISEQ index series is comprised of the ISEQ Overall Index and four sub-indices, the ISEQ Financial, the ISEQ General, the ISEQ Small Cap Index and the ITEQ Index.
The ISEQ Small Cap Index is based on 1,000 on January 4 1999 and the ITEQ Index is based at 1,000 on January 4 2000.
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