Founded in 1953, the TASE will join the grouping of developed markets in May 2010. This is a very positive step for the country’s economic development.

There are 614 companies listed in Tel Aviv. 53 are cross listed overseas. The current valuation of bonds and equities combined is approx US$400 billion.

2010 has started well for Israel’s stock market. Following the credit crunch, the exchange is now back at its all time high. Average daily volume have returned to 2008 levels. The finance sector now comprises just 25% of the total shares, just overtaken by telecom and technology related companies.

Israel is about to celebrate its 62 annual Independence Day, and this commercial achievement is something to shout about with pride.