Tel Aviv Stock Exchange Corporate Fact Sheet August 2014

TEL AVIV, Israel, September 3, 2014 /PRNewswire/ --

Fast Facts 

• Market capitalization (Excluding ETNs): 
  • Equities:US$212 billion;  
  • Bonds:US$230 billion 

• Daily Turnover Y-T-D (Including off-the-floor transactions): 
• Equities (Including ETNs):US$330 million; 
• Government Bonds:US$892 million 
• Corporate Bonds(Including ETNs): US$263 million 
• Treasury Bills: US$189 million 
• TA-25 Index Options: 188 thousands of contracts 

- 473 equity companies 
- 47 companies cross-listed abroad
- 594 index-tracking products (ETN's)
- 33 series of government bonds 
- 600 series of corporate bonds 
- 72 series of Institutional bonds
- 1,290 mutual funds 

For TASE Monthly Main Indicators 

Israel Key Macroeconomic indicators 

• GDP per capita:
  2013 - US$ 33,200
• GDP growth:
  2013- 3.3%, 2014 Est.  - 2.9%
• Inflation:
  2013 - 1.8%; Jan-July 2014 - (0.1%)
• Bank of Israel interest rate:
  Sep 2014 - 0.25%
• Surplus in balance of payments
• Budget deficit:
  2013: 3.2% of GDP, 2014 (Est.) 3.2%

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 examines Moving to Monday-Friday Trading Week

In keeping with its drive to encourage foreign investment in Israel's capital market, the Tel Aviv Stock Exchange (TASE) is currently examining the possibility of aligning its trading schedule with accepted practice abroad by adopting a Monday through Friday (rather than Sunday through Thursday) trading week. Trading on Fridays will close at 14:00. A preliminary survey made by TASE indicates that the market welcomes the suggested transition and views it in a positive light. In the coming period TASE will examine the issue with its members, evaluating the implications of the shift in trading schedule from various operational and economic standpoints.

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.

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

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) 76-8160405/6

SOURCE Tel Aviv Stock Exchange (TASE)

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