TASE to reward CEO for implementing new five-year plan
Shares within the Tel Aviv Inventory Trade (TASE: TASE) had their strongest session yesterday because the TASE was floated in 2019, rising by practically 15%. This adopted the discharge of a strategic plan for the subsequent 5 years setting out an annual income development goal of 15-18%.
Beneath the plan, the TASE units objectives for broadening entry for each native and worldwide buyers and attracting international funding within the Israeli economic system. The TASE says that it’ll proceed to behave “to adapt the Israeli market to worldwide requirements and to broaden its accessibility for worldwide buyers and monetary establishments.” The TASE is inspecting varied measures, akin to lengthening buying and selling hours to increase the overlap between the Israeli market and worldwide markets (after hours buying and selling).
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The TASE additionally intends to deepen ties with international brokers, underwriters, buyers and merchants, to make extra data, analysis and content material out there in English, and to introduce new companies for worldwide buyers. The chance can also be being examined of bi-currency buying and selling in appropriate shares.
The TASE additionally has plans for persevering with to make buying and selling extra subtle and for enhancing liquidity.
The TASE introduced a choice to award its CEO, Ittai Ben-Zeev, a retention bonus of NIS 3.5 million. The bonus, which requires the approval of TASE shareholders, can be within the type of a mortgage that can flip right into a grant on the finish of the five-year interval of the strategic plan.
Ben-Zeev may also obtain choices price NIS 1.5 million, exercisable in 5 years’ time. The train value of the choices is NIS 240, practically 90% increased than the TASE’s share value earlier than the strategic plan was printed.
To take care of success
Common every day turnover on the TASE has risen from NIS 284 million in 2019 to NIS 5.7 billion within the first half of 2026. Initially of this yr, the TASE switched from buying and selling from Sunday to Thursday to buying and selling from Monday to Friday, a transfer designed to extend the exercise of international buyers. Up to now it has been profitable. Turnover in Friday classes this yr is 173% increased than in Sunday classes in 2025.
Within the first six months of this yr the TASE had income of NIS 368 million, 38% greater than within the first half of 2025, due to the rise in buying and selling volumes and asset values, which raised the quantity of commissions collected.
Web revenue within the first half of this yr was NIS 156 million, virtually double the determine for the primary half of 2025.
The TASE’s share value has risen by practically 90% previously yr, and by 685% previously three years, bringing it to a market cap of NIS 13.5 billion.
Printed by Globes, Israel enterprise information – en.globes.co.il – on September 18, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
