Jerusalem, 10 September, 2026 (TPS-IL) — The Tel Aviv Stock Exchange (TASE) ended the Hebrew year with total market capitalization above $1 trillion for the first time, as its leading indices significantly outperformed major global benchmarks. The TASE released data on Thursday ahead of the Jewish New Year, Rosh Hashanah, which begins Friday at sundown.
The TA-35 rose approximately 40.5% during the year, while the broader TA-125 gained about 36.8%. By comparison, the S&P 500 rose 18.1%, the Nasdaq 100 gained 21.8%, and the MSCI World index increased 19.1%.
The strong performance came during a year of significant changes at TASE, including a shift to a Monday-Friday trading week, 33 new companies joining the equity market, expanded market-making programs and the introduction of new indices and trading products.
One of the year’s most significant structural changes was TASE’s move from a Sunday-Thursday trading week to Monday-Friday, bringing its schedule closer to that of most major global markets. Average daily equity turnover, including both on- and off-exchange transactions, rose to approximately $1.62 billion during the year, compared with about $1.03 billion in the previous Hebrew year.
The difference was particularly pronounced on the days affected by the calendar change. Average Sunday turnover before the switch was about $530 million, compared with approximately $1.32 billion on Fridays — an increase of about 150%. Foreign investor participation followed a similar pattern, accounting for roughly 13% of trading on Sundays before the change and approximately 40% of trading on Fridays afterward.
An Israel Securities Authority study subsequently found that the change was also associated with improved trading conditions, including a roughly 58% increase in daily turnover velocity and an approximately 11% narrowing of bid-ask spreads.
The TA-90 also posted a strong gain of approximately 25.5%, while several sector indices recorded substantially larger increases. The TA-Insurance index rose approximately 94.5%, helped by lower interest rates, stronger insurer profitability and higher investment-portfolio values. Infrastructure, energy and cleantech indices also benefited from continued investment and higher global energy prices amid the Israel-Iran confrontation.
Thirty-three companies joined TASE’s equity market during the year, including 26 initial public offerings (IPOs), five dual listings and two spin-offs. Together, the companies had a combined market value of approximately $143 billion at listing.
Total market capitalization rose from roughly $562 billion to $1.02 trillion as of Sept. 4, 2026, taking the exchange above the $1 trillion threshold for the first time.
One of the year’s most prominent additions was Palo Alto Networks, which began dual-listing on TASE in February 2026. The US-based cybersecurity company subsequently joined the TA-35 and TA-125 indices in August.
TASE also introduced 26 new equity and bond indices during the year, covering sectors including technology, energy, defense, infrastructure and real estate. It introduced a new TAF fund-comparison index family and the Poalim Resilience index, which tracks companies operating in Israel’s peripheral regions.
Market-making programs expanded to 287 stocks, with average daily trading volume of approximately $27.3 million. A new corporate bond market-making program launched in August covered 28 series and generated roughly $60 million in turnover during its first 16 trading days. A separate market-making program for global government bonds generated approximately $111 million in turnover in less than three months.
Trading in futures also increased sharply, with average monthly volume rising from approximately 32,000 contracts to 105,000.