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  Corporate Fact Sheet
August 2010

Website

 

www.tase.co.il/TASEEng

 

To view this fact sheet in PDF format click here .

Corporate Profile

 
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.

Fast Facts

 
  • Market capitalization (Excluding ETNs): Equities:US$183 billion; Bonds:US$182 billion
  • 611 companies listing equities
  • 50 companies cross-listed abroad
  • Flagship index: TA-25
  • 406 index-tracking products (ETN's & Covered Warrants).
  • 34 series of government bonds
  • 636 series of corporate bonds
  • 1,239 mutual funds

Membership

 
The TASE is owned by its members, which comprise the Bank of Israel (Israel’s central bank), 15 banks and 13 investment houses, including UBS, Deutsche Bank, HSBC, Citibank and Merrill Lynch International. 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’. Merrill Lynch International is the first remote member, started in January 2009.

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 44 companies dually-listed on TASE, as well as 6 companies which are cross-listed on other foreign securities exchanges.

Israel – Key Macroeconomic Indicators

 
  • GDP per capita: 2009 (Est.) – 28,800
  • GDP growth: 2008 – 4%; 2009 – 0.7%; Q1 2010 – 3.4%; 2010 (Est.) – 3.7%
  • Inflation: 2008 – 3.8; 2009 – 3.9%, Jan.-June 2010 – 0.7%
  • Bank of Israel interest rate: August 2010 – 1.75%
  • Surplus in balance of payments
  • Budget deficit: 2008: 2.1% of GDP ; 2009: 5.1% of GDP

 Graphs

 

Contact Us

 

The Tel Aviv Stock Exchange Ltd.

54 Ahad Ha’am Street, Tel Aviv 65202, Israel

Tel:  +972 (3) 5677 411

Fax: +972 (3) 5609 401

 

You can also contact us via the TASE Website

PR Contact

 

Jonathan Shillington
Grayling
Tel: +44 (20) 20 7255 5406
Email: jonathan.shillington@uk.grayling.com         

 

Idit Yaaron
Head of Marketing & Communications Unit
The Tel Aviv Stock Exchange
Tel:  +972 (3) 5677 406
Email: idit@tase.co.il

To view this fact sheet in PDF format click here .

Links 

 

 
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