Download Israel Key Macroeconomic indicators Fast Facts

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January 2016
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Fast Facts
 Market capitalization (Excluding
ETNs):
 Equities:US$234 billion;
 Bonds:US$209 billion
 Daily Turnover Y-T-D :
 Equities (Including ETNs):
US$368 million;
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Government Bonds:US$936
million
Corporate Bonds(Including ETNs):
US$314 million
Treasury Bills: US$159 million
TA-25 Index Options:
241 thousand of contracts
459 equity companies
59 companies cross-listed abroad
636 Exchange Traded Notes (ETN's)
33 series of government bonds
601 series of corporate bonds
61 series of Institutional bonds
1,408 mutual funds
For TASE Monthly Main Indicators
Equity Market
Prices and Turnover* (US Dollar 2005-1/2016)
* Including off-the-floor transactions
TA-25 Index
Daily Volume
2,000
600
500
400
300
200
100
0
1,500
1,000
500
0
05 06 07 08 09 10 11 12 13 14 15 16
Daily Trading Volume (US $ millions)
TA-25 Index
TA-25 and International Equity Indices
(USD 2009-1/2016)
300%
250%
200%
150%
100%
50%
0%
Bond issues by the Corporate Sector
(Billions US Dollars 2005-1/2016)
Israel Key
Macroeconomic
indicators
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GDP per capita: 014 - US$ 37,270
; 2015 - US$ 35,230
GDP growth:
2014 – 2.6%, 2015 Est. – 2.3%
Inflation:
2014 – (0.2%), 2015– (1.0%)
Bank of Israel interest rate:
Feb. 2016 - 0.1%
Surplus in balance of payments
Budget deficit:
2014: 2.8% of GDP, 2015 2.2% of
GDP
24
20
16
12
8
4
0
05 06 07 08 09 10 11 12 13 14 15 16
Bonds Market – Daily Turnover*
(Millions US Dollars 2005-1/2016)
* Including off-the-floor transactions
1500
1000
500
0
05 06 07 08 09 10 11 12 13 14 15 16
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January 2016
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
BlackRock’s iShares launches the world's first traded fund for
investing in Israel
BlackRock has launched an exchange traded fund for European investors to invest
directly in the national Israeli index. It is the first fund to offer direct exposure to the
underlying constituents of this index.
The iShares TA-25 Israel UCITS ETF (TASE) is the first physically-replicating ETF in
the world to access the 25 largest companies listed on the Tel Aviv Stock Exchange.
The underlying index of the fund, TA-25, places an upper limit on the size of its
constituents so that no single company accounts for more than 10% of the total index
For more information
All New Index Methodology is Underway
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The all new index methodology measures will improve its stability and
reduce concentration.
Stringent criteria will apply to flagship indices.
Indices to include only Israeli Oriented companies
In the last six months the Tel Aviv Stock Exchange introduced an all new index
methodology principles of equity indices and held an intensive dialogue with a wide
range of capital market activists. Exchange staff held discussions in small groups with
over 100 representative from over 40 organizations to formulate a common and
practicable all new index methodology measures.
For more information
.
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January 2016
Membership
Dual Listing
Globalization
For further information, you are
welcome to visit our website at:
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.
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 55
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.
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.
www.tase.co.il or contact the TASE
Marketing and Communications Unit at (972)76-8160405/6