9 Israel on the move
British investors have tended to ignore Israel, but its stock market will be thrust into the limelight this year when it is promoted from emerging to developed market status.
FTSE, which creates stock-market indexes, is planning to reclassify Israel in June, forcing many tracker funds to buy into the market for the first time. There are more than 20 Israeli companies listed on the London Stock Exchange. Technology firm BATM Advanced Communications is the biggest: in 2007 its shares fell 5%.
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