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Stocks which have been excluded from the indices due to closure of their markets for more than 5 consecutive trading days will not be re-included in the ISE National-30, ISE National-50 and the ISE National-100 indices until the end of the quarter.
Stocks, started to be traded within the quarter, are included in the relevant market, sector and sub-sector indices on the 11th trading day.
Since stock trading operations in stock exchanges worldwide are carried out in local currencies in which the securities are issued, comparative studies of indices among countries is possible on the basis of a common currency unit.
It is used as a tool to represent the characteristics of its component stocks, all of which bear some commonality such as trading on the same stockmarket exchange, belonging to the same industry, or having similar market capitalizations.
The most regularly quoted marketindices are broad-base indices including the largest listed companies on a nation's largest stock exchange, such as the American Dow Jones Industrial Average and SandP 500 Index, the British FTSE 100, the French CAC 40, the German DAX and the Japanese Nikkei 225.
Indices are also a common basis for a related type of investment, the exchange-traded fund or ETF.
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