Tel Aviv Stock Exchange Overview and Insights

The Tel Aviv Stock Exchange (TASE) is a significant player in the Israeli economy, with a history dating back to 1953. It's home to over 600 companies, including major Israeli corporations like Teva Pharmaceutical Industries and Bezeq.

The TASE is a public company itself, listed on the exchange under the ticker symbol TASE. This unique situation allows for greater transparency and oversight.

The exchange is regulated by the Israel Securities Authority (ISA), ensuring that all listed companies adhere to strict disclosure and reporting requirements.

The Tel Aviv Stock Exchange has a rich history dating back to 1953 when it was established as the Palestine Stock Exchange. It was later renamed to the Tel Aviv Stock Exchange in 1961.

The first stock trading took place on March 11, 1953, marking the beginning of the exchange. This milestone event set the stage for the growth and development of the stock market in Israel.

In 1965, the exchange was officially recognized as a public company, further solidifying its position as a major financial institution in the country.

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The Tel Aviv Stock Exchange is open for trading on Sunday through Friday, with a break on Saturdays, which is the Jewish Sabbath.

Trading hours are from 9:30 am to 1:30 pm, with a 30-minute break in the middle of the day.

The exchange is closed on holidays recognized by the Israeli government, including Rosh Hashanah and Yom Kippur.

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TASE collects fees from its members on every transaction executed thereon, calculated in thousands of a percent of the asset value in the case of the TACT system and in tens of agorot per MAOF option unit.

Low-volume traders who trade through banks pay a considerably higher fee for their services, which can be 100–200 times higher than the TASE fee charged to the banks.

You can usually get a discount of tens of percent from the banking pricelist just by asking, even if volumes are not significant, reducing the fee to 0.2–0.3%.

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Non-bank members, or investment houses, charge lower fees to low-volume traders, approximately 0.1% of the asset value, which is only some 20 times higher than the TASE fee.

Significant-volume private and institutional traders receive a considerable discount from both the banks and the investment houses, so that the fees collected from the larger traders are at tariffs approaching the TASE pricelist.

The Israeli banks collect a range of different fees in relation to transactions with TASE, including distribution fees for mutual funds and "custodianship fees", which amounts to 0.1–0.2% annually.

TASE publishes a fees comparison table on its website, which allows the different trading fees to be swiftly compared.

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Market Operators are a crucial part of Exchange Operations, responsible for facilitating trades and ensuring the smooth functioning of the market.

The Tel-Aviv Stock Exchange Ltd. has a program in place for market-making, with Bank Leumi joining Tase's Tailor-Made Market-Making Program on Sep. 15.

The exchange has also held earnings calls to keep investors informed, with the Q2 2025 Earnings Call taking place on Aug. 05, 2025.

The market is constantly changing, with the Tel-Aviv Stock Exchange Ltd. experiencing a 5-day change of +2.96% as of 2025-10-05 am EDT.

Here's a snapshot of the current market status:

The Tel Aviv Stock Exchange (TASE) has seen significant growth in recent years. As of 2010, the largest stocks by market capitalization were Teva Pharmaceutical Industries, Israel Chemicals, Bank Leumi, and Bezeq, with a total market capitalization of $386 billion.

In the decade ending 2012, the TA-25 index outperformed 23 other developed-nation benchmark indexes, ranking first in the Bloomberg Riskless Return Ranking list.

TASE's trading volumes have also increased, with the average daily trading volume on the equities market in 2020 reaching approximately NIS 1.9 billion, a 35% increase from the average volume in the years 2015-2019.

Here are some key statistics on TASE's performance:

In terms of shareholder returns, TASE underperformed the IL Capital Markets industry in the past year, but still managed to exceed the IL Market return.

In 2023, about 40% of companies listed on the Tel Aviv Stock Exchange distributed dividends to their shareholders. This included notable dividends in the energy, oil and gas sectors, as well as in the banking and financial services sector.

A total of 206 listed companies distributed dividends totaling approximately 27.2 billion shekels in 2023.

Despite uncertainties, the percentage of public holdings in traded stocks on the exchange has gradually increased over the recent years, reaching 63.3% by the end of 2023.

The year 2023 marked a record in the total dividends distributed to public shareholders, which was about 62% of the distributed sum (16.8 billion shekels).

The average dividend yield of the listed companies in 2023 amounted to approximately 2.9%, the highest yield since 2017.

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The Tel Aviv Stock Exchange (TASE) has a rich history of growth and development. In 1993, TASE had the third largest number of IPOs of all the world stock exchanges.

TASE's growth continued in the early 2000s, with non-Israeli investment reaching an all-time high of NIS 2 billion in 2005. This was a significant milestone for the exchange, and it paved the way for further growth.

In 2007, trading on TASE averaged $500 million a day, a 55% increase over the previous year. This growth was driven by the increasing popularity of exchange-traded funds (ETFs), which grew to 240 in 2007.

The TA-25 index, which is TASE's benchmark index, rose 175% in the period 2004-2007. This was a remarkable performance, and it reflected the growing confidence of investors in the Israeli economy.

Here are some key statistics that illustrate TASE's growth:

TASE's growth has also been driven by the increasing popularity of retail investing. In 2020, the number of new accounts opened by the general public increased by 44% compared to the previous year. This trend is expected to continue, driven by the growing interest in investing among individual investors.

The Israeli capital market was stormed by the local retail public in 2020, which opened a significantly greater number of new accounts with TASE members than in 2019. Some 141,000 new accounts were opened by the general public during 2020, compared to some 98,000 new accounts in 2019, a 44% increase.

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The Tel-Aviv Stock Exchange Ltd's valuation is a fascinating topic. The capitalization of the company is listed as 6.98B, with a notable drop to 0 in one of the periods.

One key aspect to consider is the Enterprise value, which is also listed as 6.98B, mirroring the capitalization. This suggests a stable financial situation for the company.

The P/E ratio and EV/Sales ratio are not provided for 2025, but we do have data for 2026: the P/E ratio is not available, and the EV/Sales ratio is 11.8x.

In contrast, the EV/Sales ratio for 2025 is 13x, indicating a slightly higher valuation at that time.

The free-float of the company is 83.67%, which could be an important factor in determining its valuation.

Here is a summary of the Enterprise value and EV/Sales ratio for the different periods:

The Enterprise value and EV/Sales ratio provide valuable insights into the company's financial situation, and the free-float of 83.67% is an important factor to consider.

As of January 2021, a total of 457 companies were listed on the Tel Aviv Stock Exchange (TASE), with a combined market capitalization of NIS 837 billion. This is a significant increase from the 80 companies listed on TASE in 1965.

The types of companies listed on TASE vary, with the largest number of listings in the technology sector, at 89 companies. The biomed sector also has a substantial presence, with 51 listed companies.

Here's a breakdown of the number of companies and their market capitalization by sector:

In the realm of companies and listings, products play a vital role in defining a business's identity and offerings.

Some companies offer a wide range of products, such as Amazon, which lists over 350 million products on its platform.

Product listings can vary greatly in terms of complexity, with some companies providing detailed product descriptions and high-quality images, while others may have more basic listings.

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A good example of this is seen in the product listings for IKEA, which often include detailed descriptions and diagrams to help customers visualize the product.

Product listings can also be used to showcase a company's brand and values, as seen in the product listings for Patagonia, which emphasize the company's commitment to sustainability and environmental responsibility.

Companies may also offer different types of products, such as physical goods or digital products, as seen in the product listings for Apple, which includes both physical devices and digital services like iTunes and iCloud.

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The number of companies listed on TASE has grown significantly over the years, from 80 in 1965 to 457 at the end of January 2021.

The market capitalization of these companies has also increased, reaching a total of NIS 837 billion in 2021.

TASE is home to a diverse range of companies across various sectors. Let's take a look at the breakdown of listed companies by sector.

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Here's a table showing the number of companies and market capitalization by sector:

The technology sector has the largest number of companies listed on TASE, with 89 companies and a market capitalization of NIS 214 billion.

Dual listing has become a more accessible option for Israeli companies thanks to changes in the law. Companies can now dual-list on the Tel Aviv Stock Exchange (TASE) using the overseas reporting and regulatory format, with limited Israeli regulatory requirements.

The Securities Law was modified in 2000 to remove some regulations imposed on dual-listed companies. This made it easier for companies to list on TASE.

Companies listed on recognized stock exchanges such as the NASDAQ, NYSE, and London Stock Exchange's Main Market and High Growth Segment can dual-list on TASE. This is a closed list of stock exchanges in advanced nations.

The dual-listing arrangements have been extended to include three additional stock exchanges: Singapore, Hong Kong, and Toronto. This was approved by the Knesset Finance Committee in June 2018.

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The Tel Aviv Stock Exchange (TASE) is a significant player in the global financial market. It is the only stock exchange in Israel and is located in Tel Aviv.

With over 600 listed companies, TASE offers a wide range of investment opportunities. This includes blue-chip stocks, government bonds, and derivatives.

The exchange has a market capitalization of over $1 trillion, making it one of the largest in the world.

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When analyzing price volatility, it's essential to consider the average weekly movement of a stock or market. TASE's average weekly movement is 5.6%, which is in line with the capital markets industry average movement.

TASE's price volatility is comparable to the market average, which is 5.0%. This suggests that TASE's stock prices are relatively stable.

However, there are some stocks in the IL market that are significantly more volatile. The 10% most volatile stocks in IL have an average weekly movement of 7.8%, while the 10% least volatile stocks have an average weekly movement of 3.5%.

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Here's a comparison of TASE's volatility to the IL market:

Stability over time is also an important factor to consider. TASE's weekly volatility has been stable over the past year, with a weekly movement of 6%.

The Tel Aviv Stock Exchange (TASE) recently launched two new equity indices: TA-Infrastructure and TA-Defense. These indices are designed to track the performance of companies in the infrastructure and defense sectors.

The TA-Infrastructure index is a new addition to the TASE's suite of indices, providing investors with a benchmark for the infrastructure sector.

The TA-Defense index is also a new index, created to track the performance of companies in the defense sector. This index is expected to be of interest to investors looking to diversify their portfolios.

Here are the two new indices:

The Tel-Aviv Stock Exchange Ltd. has a free-float of 83.67%, which means that a significant portion of the company's shares are available for trading. This is a crucial factor in determining market liquidity and volatility.

The company's valuation is substantial, with a market capitalization of 6.98B and an enterprise value of 6.98B. These numbers give us an idea of the company's size and worth.

According to the article, the Tel-Aviv Stock Exchange Ltd. has been making headlines with recent press releases. Let's take a look at some of the notable events:

These events demonstrate the Tel-Aviv Stock Exchange Ltd.'s commitment to innovation and growth.

The Tel Aviv Stock Exchange (TASE) is governed by the Securities Law, 1968 and is supervised by the Israel Securities Authority.

The Israel Securities Authority enforces the laws applicable to public companies listed on TASE, ensuring fair and proper conduct.

To be listed on TASE, a company must meet certain criteria, both at the time of its initial offering and during the listing period.

The TASE Code is a document that outlines the rules for listing on TASE and is frequently updated to reflect changes in the Israeli capital market.

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The Securities Law of 1968 and the Israel Securities Authority play a crucial role in regulating TASE's operations.

TASE's activity is supervised by the Israel Securities Authority, which also enforces the laws applicable to public companies.

To be listed on TASE, a company must meet certain criteria, including those outlined in the TASE Code and temporary regulations.

The TASE Code is frequently updated to reflect changes in the Israeli capital market.

In order to be listed, a company must meet these criteria both at the time of making its offering and during the listing period.

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Managers and Directors play a crucial role in the decision-making process of the Tel-Aviv Stock Exchange Ltd.

Ittai Ben Zeev has been the CEO since December 31, 2016, at the age of 50.

The Director of Finance/CFO, Yehuda Ben-Ezra, took on the role on November 19, 2022, at 58 years old.

Adi Barkan has been the Compliance Officer since March 31, 2017, at 49 years old.

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Merav Ben Cnaan Heller has been a Director/Board Member since December 8, 2016, at 53 years old.

Salah Saabneh has been the Chairman since a date not specified in the records, at 57 years old.

Aharon Aharon, a Director/Board Member, joined the team on January 11, 2022, at 71 years old.

Here is a summary of the key information about the Managers and Directors:

The Tel Aviv Stock Exchange has been making waves in the financial world. Bank Leumi has joined TASE's Tailor-Made Market-Making Program, which is a significant development for the exchange.

In Q2 2025, the Tel Aviv Stock Exchange Ltd. held an earnings call on August 5, 2025. Clal Insurance Enterprises Holdings Ltd. acquired a 2.70% stake in The Tel-Aviv Stock Exchange Ltd. from Novo Nordisk Fonden for approximately ILS 150 million.

The Tel Aviv Stock Exchange has been expanding its reach. It launched two new equity indices, TA-Infrastructure and TA-Defense, in September 2025. This move is expected to attract more investors to the exchange.

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The Tel Aviv Stock Exchange Ltd. reports its earnings results regularly. In Q2 2025, the exchange reported earnings results for the second quarter and six months ended June 30, 2025.

Here are some key dates related to the Tel Aviv Stock Exchange:

The Tel Aviv Stock Exchange has been making efforts to increase its international presence. It has considered a strategic sale or international collaboration in the indices field.

The Tel Aviv Stock Exchange, or TASE for short, operates as a stock exchange in Israel.

It's a significant player in the region, providing a platform for buying and selling securities.

The TASE is a crucial part of Israel's economy, facilitating the flow of capital between investors and companies.

More details about the TASE can be found elsewhere.