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Full coverage· Economy· Updated

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

  1. 01Tel Aviv Stock Exchange profits rose 37% to 68 million shekels in Q3.
  2. 02TASE revenues increased 19% to 175 million shekels in the quarter.
  3. 03Average daily stock trading volume grew 52% to 5.2 billion shekels in nine months.
  4. 0421 companies completed IPOs in the first nine months, raising 7.8 billion shekels.
  5. 05TASE stock price increased 55% year-to-date.

The TASE stock has also seen significant gains.

Translated and summarized by baba from Globes, the latest report. Read Globes’s original

The coverage

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