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Tel Aviv Stock Exchange Ltd. reports news on its exchange operations, financial results, and index products for Israel’s capital market. Recurring updates include quarterly and annual results releases, English-language investor calls, investor presentations, and corporate disclosures tied to governance, shareholder voting, material agreements, and capital structure.
The company also announces changes to its equity index lineup, including launches and updates for indices such as TA-Real Estate 35, TA-Technology 35, and TA-Israel Energy. These updates often address index eligibility, constituent composition, closing-auction mechanics, passive assets tracking TASE indices, and initiatives involving listed companies and market participation.
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The Tel Aviv Stock Exchange (TASE) announced the release of its financial statements for the period ending December 31, 2022, scheduled for March 28, 2023, after market close. The financial results will be available on TASE's MAYA website and the Israel Securities Authority's MAGNA website. A conference call will follow at 8:30 PM (Israeli time), hosted by CEO Ittai Ben-Zeev and CFO Yehuda Ben Ezra, for investor review and Q&A. A recorded version of the call will be uploaded to the Company’s website afterward.
The Tel Aviv Stock Exchange (TASE) has partnered with Yelin Lapidot Investment House to exclusively launch new indices for ETF and tracking fund issuers. This initiative aims to enhance investment product variety and liquidity on TASE. The collaboration follows approval from the Israel Securities Authority and is expected to facilitate innovation in the indices sector, increasing competition in the Israeli capital market. TASE plans to invest significantly in the indices sector to align with global standards, with a current total AUM tracking TASE indices at approx. NIS 78 billion.
The Tel Aviv Stock Exchange (TASE) announced its financial statements for the period ending September 30, 2022, will be published on November 29, 2022, after market close. A conference call will follow at 8:00 PM (Israeli time) on the same day, hosted by CEO Ittai Ben-Zeev and CFO Yehuda Ben Ezra. The call will be in English, with a presentation available on the Israeli Securities Authority and TASE websites. A recording will also be uploaded the next day. This conference call aims to provide a detailed review of the financial statements.
Cipia (TASE: CPIA) has secured three additional design wins with OEM Chery, increasing their total to six models, all set to begin production in 2023. CEO Yehuda Holtzman expressed confidence in the partnership for advancing driver safety through Cipia's Driver Sense monitoring system. This technology uses AI and computer vision to monitor driver behavior, detecting drowsiness and distractions. The new models will be marketed globally, including in Europe, Australia, and the Middle East. The company currently holds 28 design wins across five manufacturers.
TASE's financial results for Q2 2022 show a strong performance, with EBITDA increasing by 36% year-over-year, reaching NIS 36 million. Revenue for the quarter was NIS 91 million, an 8% rise compared to Q2 2021. The profit also grew by 18% to NIS 14 million. Notably, average daily trading volume surged 33% to NIS 2.5 billion in H1 2022, contributing to a total capital raised of NIS 14.4 billion, which is 54% of the record amount from 2021. TASE welcomed Jump Trading as a new remote member, further enhancing its international presence.
The Tel Aviv Stock Exchange (TASE) will publish its financial statements for the period ending June 30, 2022, on August 8, 2022, after market close. A conference call led by CEO Ittai Ben-Zeev and CFO Yehuda van der Walde will occur at 8:00 PM Israeli time on the same day to review the financial results. Dial-in details are provided for Israel, the US, Canada, the UK, and other locations. The presentation will be available in both Hebrew and English on the Israeli Securities Authority and TASE websites. A recording will be uploaded the following day.
In Q1 2022, the Tel Aviv Stock Exchange (TASE) reported a significant 40% increase in trading volumes of dual-listed shares, reaching a daily average of NIS 473 million. This uptick contrasts with a 11% decline in trading abroad, highlighting TASE's role as a stabilizing anchor amid global market fluctuations. Dual-listed companies accounted for 27% of total trading volumes, up from 19% in 2021. Key players included Israel's large caps, such as Partner and Formula Systems, which showed remarkable trading volume on TASE, reinforcing the exchange's importance for both local and international investors.
The Tel Aviv Stock Exchange (TASE) has initiated its first stock buyback plan, approving up to NIS 36 million to be executed within six months, starting from May 26, 2022. This move aligns with TASE's broader strategy of implementing a total buyback plan of up to NIS 100 million over two years. The buyback is expected to enhance shareholder value and reflects confidence in the company’s financial health.