Arbitrage stocksdual-listed in Tel Aviv and New York
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This page shows stocks listed both on the Tel Aviv Stock Exchange and on a stock exchange in New York
New York stock prices are converted to points (a point is one agora, i.e., one hundredth of a shekel) according to the latest representative exchange rate, and compared to the price of the corresponding security in Tel Aviv.
Actual prices are in bold. Their calculated equivalents are in normal font.
The price in points flashes when the stock exchange is still open and the rate is subject to change.
A positive arbitrage gap means that the stock price in New York is higher than the price in Tel Aviv
Stocks in the Tel Aviv 35 Index are marked accordingly, and are included in the calculation of the theoretical and weighted effect on the index.
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Theoretical effect of arbitrage gaps on Tel Aviv 35 Index
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The weight of the dual-listed stocks traded in Tel Aviv and New York in the Tel Aviv 35 index is about 23%. The figure shows the expected change in the Tel Aviv 35 index as a result of the opening arbitrage gaps for these stocks. The index will actually be affected by other stocks, not dual-listed, as well.
The arbitrage gaps will not necessarily be closed, and so the theoretical effect might not fully materialize.
For comparison, the left-hand column shows the actual change in the Tel Aviv 35 Index resulting from trading in the dual-listed stocks and the change in the Tel Aviv 35 Index itself.
Attention should be paid to the date and time of the data.
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Change in Tel Aviv 35 Index resulting from weighted effect of dual-listed stocks
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This figure reflects the effect of the dual-listed stocks on the Tel Aviv 35 Index as derived from the latest trading data in Tel Aviv. The effect results from the change in the price of each stock and its weight in the Tel Aviv 35 Index. To complete the picture, the Tel Aviv 35 Index itself is also given updated for the same point in time
Attention should be paid to the date and time of the data.
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