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PHILADELPHIA - December 13, 2006 – The Philadelphia
Stock Exchange (PHLX) and Hapoalim Securities USA, Inc. announced
yesterday that the Hapoalim American Israeli IndexTM
(HAISM) begins trading today, December 13, and was launched
with an opening bell ceremony at the Philadelphia Stock Exchange.
The Hapoalim American Israeli Index™ (HAISM) is
an equal dollar weighted index consisting of 15 highly capitalized
Israeli companies that trade significant volumes of ordinary shares
or American Depository Receipts (ADR) in the U.S. HAI contains companies
that have significant market capitalization and are actively traded
and include technology and bio-pharmaceutical companies which account
for a major portion of international trade.
Susquehanna Investment Group (SIG) will act as the specialist.
Hapoalim Securities USA, Inc. is a subsidiary of Bank Hapoalim
B.M., Israel’s largest bank, whose assets exceed $60 billion.
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades
more than 7,000 stocks, 2,308 equity options, 17 sectors index options
and currency options. For more information about the PHLX and its
products, visit www.phlx.com.
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