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Tel Aviv Stock Exchange Profits Surge 37% Amidst Trading Boom
The Tel Aviv Stock Exchange (TASE) reported a 37% increase in net profit for the third quarter, reaching approximately 68 million shekels, driven by a 19% rise in revenues to 175 million shekels. Trading volumes surged 52% in the first nine months, and the IPO market saw 21 new listings.
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What happened
- 01Tel Aviv Stock Exchange profits rose 37% to 68 million shekels in Q3.
- 02TASE revenues increased 19% to 175 million shekels in the quarter.
- 03Average daily stock trading volume grew 52% to 5.2 billion shekels in nine months.
- 0421 companies completed IPOs in the first nine months, raising 7.8 billion shekels.
- 05TASE stock price increased 55% year-to-date.
The TASE stock has also seen significant gains.
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