The listing represents a formal recognition by the Exchange of the company's impressive recent financial performance and heightened interest among investors, says CEO.
Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of mobile and cloud-enabled application and business integration platforms, has been included in the Tel-Aviv Stock Exchange (TASE) TA-100 Index, the company reported.
The TA-100 Index is the TASE's leading index. It tracks the leading 100 shares, based on a range of criteria, including highest market capitalization and broadest shareholder diversity.
Commenting on the announcement, Guy Bernstein, CEO of Magic Software, said: “We are pleased to have been recognized by TASE as one of the top 100 leading companies. I am convinced that our shareholders will gain greater value from their investment in Magic and will continue to enjoy the benefits of our financial growth. Being included in the TASE TA-100 Index represents a clear indication that we are regarded in the market as a large and well-respected company with impressive financial performance and heightened investor interest.”
The Tel Aviv Stock Exchange fulfils a major role in the Israeli economy, raising capital to finance investments and activities, and enabling the government to bring the public into its companies as they are privatized. The state-of-the-art exchange is also home to the local investment community and securities sector. For more information, visit www.tase.co.il/TaseEng.
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