Tel Aviv Stock Exchange Corporate Fact Sheet January 2014

TEL AVIV, Israel, February 6, 2014 /PRNewswire/ --

Fast Facts

• Market capitalization (Excluding ETNs):
  • Equities: US$204 billion;
  • Bonds: US$225 billion
    
• Daily Turnover Y-T-D (Including off-the-floor transactions):
  • Equities (Including ETNs): US$381 million;
  • Government Bonds: US$767 million
  • Corporate Bonds(Including ETNs): US$268 million
  • Treasury Bills: US$162 million
  • TA-25 Index Options: 200 thousands of contracts

• 495 equity companies
• 52 companies cross-listed abroad
• 537 index-tracking products (ETN's)
• 34 series of government bonds
• 606 series of corporate bonds
• 71 series of Institutional bonds
• 1,271 mutual funds

For TASE Monthly Main Indicators

Israel Key Macroeconomic indicators

• GDP per capita:
  2013 Est. - US$ 33,100
• GDP growth:
  2012- 3.4%, 2013 Est.  - 3.3%
• Inflation:
  2012 - 1.6%, 2013 - 1.8%
• Bank of Israel interest rate:
  February 2014 -1.0%
• Surplus in balance of payments
• Budget deficit:
  2012: 3.9% of GDP, 2013 (Est.) 3.2%

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NEWS

The Committee for the Promotion of Investments in Public Companies Engaged in R&D submitted its final report to ISA Chairman. Recommendations include: dispensations and incentives for high-tech firms listing on TASE, tax benefits and the establishment of exchange-traded VC funds structured as mutual funds

For further information.

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.

Mission Statement

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.

Membership

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

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.

For further information, you are welcome to visit our website at: http://www.tase.co.il  or contact the TASE Marketing and Communications Unit at +972-3-5677405/6

SOURCE Tel Aviv Stock Exchange Ltd