Today, the TASE itself published reports showing that the TASE concludes a year of strong growth in all parameters with a 110% increase in net profit.
The following are key points from the reports:
The TASE will distribute a dividend in the amount of approximately NIS 18.45 million, which constitutes approximately 0.1823 agorot per ordinary share. The date determining the eligibility for the dividend is 25.3.21 and the date of payment will apply on 5.4.2021
The stock exchange’s revenues for 2020 increased by 17% and amounted to NIS 304 million, compared with NIS 260 million in 2019.
Profit more than doubled – amounted to NIS 36.9 million in 2020, compared with a profit of NIS 17.6 million in 2019.
God-EBITDA The adjusted amount amounted to NIS 95 million in 2020, compared with NIS 63 million in the corresponding period last year.
In 2020, 27 initial public offerings were made in which NIS 4.6 billion was raised, the highest number since 2007. The volume of raising in the stock market amounted to close to NIS 17 billion, compared with NIS 13.3 billion in the previous year.
There has also been a sharp rise in the bond market with the highest volume of borrowing in the last 20 years by the Israeli government due to the need to fund the government assistance program to deal with the Corona Desert.
Itai Ben Zeev, CEO of the Stock Exchange, said today: “2020 was a significant year for the TASE with an increase in all parameters on the TASE – both in the level of joining new Israeli companies, mainly in the field of technology, in the range of new TASE services and products and in the level of interest of the general public and the increase in trading volumes. The Corona crisis, which led to great interest in the markets, met with a renewed, advanced and more up-to-date stock exchange, after three years of implementing a strategic plan in which we operated according to three principles: Reflecting the Israeli economy, increasing tradability and liquidity and expanding the basket of services while improving the stock exchange’s infrastructure.
These have allowed us continuous activity throughout the year and support for the extensive growth in market activity, including a growth of about 43% in the average daily trading volume in shares and the entry of many new investors. We are pleased that the momentum in activity will continue in the first quarter of 2021 with 30 new issues since the beginning of the year, with about two-thirds of them being high-tech companies and R&D partnerships and many dozens more expected to join in the coming months. “
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