TASE

The Tel Aviv Stock Exchange (TASE) operates as the sole regulated securities exchange in the State of Israel. TASE is itself a publicly listed company (TASE: TASE) following the 2019 IPO, and operates under the supervision of the Israel Securities Authority.

TASE operates equity, fixed-income, and derivatives markets, with the TASE 35 (formerly Tel Aviv 25) serving as the benchmark large-capitalization index covered at /public-equity/tase-35-composition/. The TASE 125, TASE Growth, and TASE-Up indices extend the broader index architecture.

Foreign institutional ownership of TASE-listed securities exceeds 50% — a structural shift from the historical Israeli-domestic concentration. The 2018 MSCI inclusion of Israel in Developed Markets, the substantial 2020-2025 IPO cycle, and continued foreign institutional participation have anchored the trajectory.

Several major TASE-listed companies maintain dual primary listings on both TASE and US exchanges (NASDAQ or NYSE), including Check Point, NICE, Tower Semiconductor, Camtek, Elbit Systems, and selected additional operators.

The 2024 Pershing Square TASE secondary offering acquisition by Bill Ackman and Neri Oxman (covered at /founders/ackman-oxman-tase-secondary/) operates as one of the more visible recent examples of major US individual UHNW entry into TASE-domiciled equity exposure.

See also: /public-equity/tase-35-composition/, /founders/ackman-oxman-tase-secondary/