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Fast Facts • Market capitalization (Excluding ETNs): • Equities:US$218 billion; • Bonds:US$236 billion • Daily Turnover Y-T-D : • Equities (Including ETNs): US$346 million; • Government Bonds:US$881million
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Corporate Bonds(Including ETNs): US$268 million Treasury Bills: US$180 million TA-25 Index Options: 188 thousands of contracts
485 equity companies 51 companies cross-listed abroad 579 Exchange Traded Notes (ETN's) 33 series of government bonds 596 series of corporate bonds 76 series of Institutional bonds 1,289 mutual funds
For TASE Monthly Main Indicators
Israel Key Macroeconomic indicators • • • • •
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GDP per capita: 2013 – US$ 33,500, GDP growth: 2013 - 3.3%, 2014 Est. – 2.9% Inflation: 2013 – 1.8%, Jan.-May. 2014 – (0.3%) Bank of Israel interest rate: July 2014 - 0.75% Surplus in balance of payments Budget deficit: 2013: 3.2% of GDP, 2014 (Est.) 3.0%
Equity Market Prices and Turnover* (US Dollar 2005-6/2014) * Including off-the-floor transactions TA-25 Index
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Daily Trading Volume (US $ millions) TA-25 Index
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Bond issues by the Corporate Sector (Billions US Dollars 2005-6/2014) 24 20 16 12 8 4 0 05
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Bonds Market – Daily Turnover* (Millions US Dollars 2005-6/2014) * Including off-the-floor transactions 1500 1000 500 0 05
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June 2014
Tel Aviv Stock Exchange
Established in September 1953, the Tel Aviv Stock Exchange (TASE) is an efficient one-stop shop for the securities industry, hosting an increasingly sophisticated range of products available to investors, including shares, corporate bonds, treasury bills and bonds, index-tracking products and derivatives. TASE is a fully-automated exchange with a central order book trading system, providing clearing, settlement and depository services.
NEWS
18.6 - TASE becomes an Affiliate Member Of the Federation of European Securities Exchanges- By the General Assembly of the Federation of European Securities Exchanges (FESE). The Membership will commence as of 1st July 2014.
For More Information TASE Launches Stock Options on Bezeq and Perrigo- As part of its efforts to expand the range of derivative products traded on TASE. The trading of these new options will commence on 28 August 2014. In the coming period TASE plans to undertake measures which will facilitate the launch of stock options on all TA-25 index constituents. For more information New contracts available as of 9 June 2014- Eurex launched index futures contracts based on TASE’s main index TA-25. Information regarding TA-25 Index future
Mission Statement Membership
TASE will promote Israel’s capital market and its listed companies in Israel and abroad, through the provision of the most highly advanced infrastructure for securities trading and clearing, adhering to the highest standards of excellence and guided by principles of market integrity; and will endeavor to position itself and Israel as an international financial center for the listing and trading of technology companies The TASE is owned by its members, which comprise the Bank of Israel (Israel’s central bank), 15 banks and 11 investment houses. The banks are supervised by the Bank of Israel and the investment houses by the TASE. The TASE permits international banks and investment houses that have no permanent representation in Israel to become ‘remote members’. For the TASE Members' list.
Dual Listing
Companies traded in the USA and on the London Stock Exchange (Main Market) can dual-list their shares on the TASE. Dual-listing, which does not entail significant costs, imposes no additional regulatory burden and offers continuous trading from 09:45 to 23:00 (Israeli time), for companies listed in the USA. There are currently 43 companies dually-listed on TASE, as well as 8 companies which are cross-listed on other foreign securities exchanges. For more information about Dual Listing on TASE.
Globalization
For further information, you are welcome to visit our website at:
Israel is classified as a "developed market" by MSCI, FTSE and S&P and is included in the following international indices: MSCI World, MSCI KOKUSAI, MSCI Europe & Middle East, MSCI EAFE, MSCI EASE, the FTSE All World, FTSE Med-100 indices, and S&P Developed BMI. Trading on TASE is conducted through its members, which include Israeli and international banks and investment houses.
www.tase.co.il or contact the TASE Marketing and Communications Unit at (972)3-5677405/6