Israel Stock Exchange

Israel Stock Exchange or the Tel Aviv Stock Exchange (TASE) is the only stock exchange of Israel which is named after its capital city Tel Aviv. Exchange Bureau of Securities was the forerunner of the TASE which is established by the Anglo-Palestine Bank(which turn into Bank Leumi) in1935.After formation of the State,the growth of Israeli economy was very fast and to keep pace with this a previous stock exchange was integrated and started operations in Tel Aviv in 1953. The exchange changed its earlier place and shifted to its present location in Tel Aviv in 1983. Many major Israeli companies are enrolled on the TASE as well as the NASDAQ or the NYSE (primarily).
TASE is controlled by the Securities of Law (1968), and is included in the direct supervision of the Israel Securities Authority. TASE is a private company restricted by shares and a possession of its members, banks and non- banking corporations.

History and Origin of the Israel Stock Exchange

The Tel Aviv Stock Exchange satisfies an important role in the Israeli economy and is a main player in the nation's economic development. Today the stock market of Israel has become an advanced, important market -place for trading in securities of all types.
Exchange Bureau of Securities was the forerunner of the TASE which is established by the Anglo-Palestine Bank(which turn into Bank Leumi) in1935. In 1948 the State of Israel was establi8shed. After formation of the State,the growth of Israeli economy was very fast and to keep pace with th a number of banks and brokerages was integrated and formed a stock exchange which started its operations in Tel Aviv in 1953. During1990s the Tel Aviv Stock Exchange (TASE) became accustomed to compete with the standards of the most advanced exchanges in the world and introducing a computerized system known as TACT.

Market Capitalization

660 companies are enrolled on TASE and approximately 60 companies among those are enrolled in other countries stock exchanges. About 40 ETFs, 60 government bonds, 500 Corporate bonds, 900 mutual bonds are listed on TASE.
In December 2005, turnover of shares and convertibles on a daily basis was USD 280 million, $312M of bonds,$315M of options, $191M of T-bills. At the end of 2005, the overall market capitalization of TASE was- $57B government bonds, $19B T-bills.$23B corporate bonds,$123B shares and convertibles and a sum of $221B.As on 1st January 2005,Teva(418.7B), Bank Hapoalim($4.2B), Bank Leumi($3.9B), Bezeq($3B), Israel Chemicals($2.9B) were the major stocks of TASE in terms of market capitalization. On December 11,2006, yardstick TA-25 index of TASE stopped at its greatest closing height 939.01and it was TASE’s second consecutive record-setting session. TASE associates to the US markets through the association with DTC , a subsidiary of The Depository Trust and Clearing Corporation, which helps the business of dually enrolled securities.

Market Indices

• TA-25, which is known as Ma’of, is the flagship index of TASE, listed on TASE’s most important stocks in terms of market capitalization.
• TA-100-100 largest stocks of TASE.
• TA-75- stocks on TA-100 which are not incorporated in TA-25.
• Mid- Cap 30- The biggest 30 shares which are not incorporated in TA-100.
• Yeter-TASE’s all other stocks which are not integrated in TA-100.
• Tel- Tech 15- 15 biggest high- tech stocks of TASE.
• TA Real-Estate 15-15 biggest real-estate sector stocks of TASE.
• TA Finance 15-15 biggest Finance sector stocks of TASE.
• Tel-Div 20-Index of 20 shares which are listed on the TA-100 including the maximum annual dividend yield.
• Maala- It is an index of Socially Responsible Investing.

Major companies listed in TASE

• A.L.D (Commerce and Service)
• A.M.S (Industry)
• MAABAROT (Industry)
• R.H.Techno(Industry)
• Best Issu (Investment and Holdings)
• GAI Beach(Commerce and Service)
• D Medical (Industry)
• DANIRCO (Real-Estate and Construction)
• B.S.S.CH (Insurance)
• G.T.C (Real-Estate and Construction)

Top Investors

• IBM
• Intel
• General Electric
• Siemens
• Deutsche Telecom
• Frutarom
• Africa-Israel Investments Limited
• Magic Software Enterprises
• ABETRANS(Commerce and Service)
• R.H.Techno(Industry)

Location

Tel Aviv Stock Exchange
Tel Aviv
Israel