Tel Aviv Stock Exchange Corporate Fact Sheet November 2015

03 Dec, 2015, 09:55 ET from Tel Aviv Stock Exchange (TASE)

TEL AVIV, Israel, December 3, 2015 /PRNewswire/ --

Fast Facts 

  • Market capitalization (Excluding ETNs):
  • Equities:US$237 billion;
  • Bonds:US$213 billion
  • Daily Turnover Y-T-D :
  • Equities (Including ETNs):
    US$364 million;
  • Government Bonds:US$800 million
  • Corporate Bonds(Including ETNs): US$282 million
  • Treasury Bills: US$130 million
  • TA-25 Index Options:

     203 thousand of contracts

  • 461 equity companies
  • 58 companies cross-listed abroad
  • 640 Exchange Traded Notes (ETN's)
  • 33 series of government bonds
  • 604 series of corporate bonds
  • 63 series of Institutional bonds
  • 1,387 mutual funds

For TASE Monthly Main Indicators 

Israel Key Macroeconomic indicators 

  • GDP per capita:
    2013 - US$ 36,200; 2014  - US$ 37,100
  • GDP growth:
    2014 - 2.6%, 2015 Est. - 2.5%
  • Inflation:
    2014 - (0.2%), Jan-Oct. 2015- (0.5%)
  • Bank of Israel interest rate:
    Dec. 2015 - 0.1%
  • Surplus in balance of payments
  • Budget deficit:
    2014: 2.8% of GDP, 2015 (Est.) 2.5%

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 

TASE Launches Options on all TA-25 Index Shares. Altogether, 16 options on shares will be added 

The launch will enable undertaking diverse investment strategies and, for the first time, allow exposure through derivatives to stocks in the biomed, technology, real estate and construction, investment and holdings sectors.

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TASE Management Limits the Weight Cap of Newly-Listed Companies in Indices: Stock Index Weight of New Companies, whether Israeli or Foreign, Not to Exceed 4% 

TASE's board decided (November 19), the definition of "a foreign company with an Israeli Orientation" for the purpose of addition to indices and the weight cap for companies added to indices, until the implementation of the expected new indices methodology.

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The TA-25 Net Dollar Index has been designed specifically as an underlying benchmark for a large ETF provider 

TASE approved the launch of a new index - TA-25 Net Dollar, which published on November 15. The new index is a dollar version of the TA-25 Index, with a net total return. The Index will calculated at the end of every day, according to the closing prices of the shares comprising the index.

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BlueStar Indexes and the Tel Aviv Stock Exchange Launch ETF Tracking Israeli Global Technology Index - TA-BIGITech™ 

Start-Up Nation ETF-ITEQ™ Provides Unique Exposure to Innovative Israeli High-Tech Companies Listed on Five Exchanges Worldwide.

BlueStar Indexes - a research-focused firm specializing in the Israeli capital markets and TASE announced (November 3) the launch of the BlueStar TA-BIGITech™ Israel Technology ETF™ (Nasdaq: ITEQ™).​

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Membership 

The TASE is owned by its members, which comprise the Bank of Israel (Israel's central bank), 15 banks and 10 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 54 companies dually-listed on TASE, as well as 4 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 +1-(972)-76-8160405/6

SOURCE Tel Aviv Stock Exchange (TASE)