Towards the end of the month we will know whether Israel has entered the MSCI indices which can inject investors and new money into the stock exchange, now the stock exchange is also promoting a delegation to the UAE in the hope of attracting more investments
A joint and first-of-its-kind move to attract Emirati investors to invest in public companies on the Tel Aviv Stock Exchange is underway. The United Arab Emirates in Israel and the Tel Aviv Stock Exchange are launching a new initiative, Dubai-Israel February 28 to March 3, 2022 in Dubai.
The cooperation is part of an important and significant move aimed at promoting and developing economic ties between the two countries, with an emphasis on encouraging global investment in the Israeli capital market through the stock exchange, improving accessibility and increasing the activity of Israeli companies in the emirate market. The joint meeting will create an arena for acquaintance between leading international companies, large investment bodies from across the Emirates and the top public companies in Israel.
Under the direction of the Dubai Emirates leadership, the Dubai International Chamber of Commerce works to encourage local activities of international companies, support business growth and preserve Dubai’s position as a global business center.
There is no doubt that the current momentum in the stock market, such as the increase in the number of Israeli companies that have joined the stock market in the past year, is of great interest to international investors, who are looking for investments and collaborations with Israeli companies.
The Israeli companies that will participate in the delegation: Altshuler Shaham, Analite, Energix, Epitomi, Bezeq, Bio Honey, Glassbox, Group 11, De Zarasai Group, Delek Drilling, Phoenix, Uzerway, Menara Ventures, Nakes, Nova, Sonovia, Sofwave Medical , PomWom, Productivity, Amos Luzon Entrepreneurship and Energy Group, Pete Investment Fund, Strauss and IAI.
In 2021, the leading stock exchange indices peaked at higher returns than international indices around the world, in shekel values. For example, the TA-35 index rose by 32% and the TA-90 index rose by 33%. The industry indices on the stock exchange also rose and broke new records. For the first time, at the end of 2021, each of the companies in the Tel Aviv-125 index crossed the market value threshold of NIS 1 billion.
Also on a multi-year basis, the local stock exchange indices show good performance – the TA-90 index has risen by about 159% in the last five years, higher than all the leading stock indices in the world, except for the Nasdaq 100 index, which represents technology companies, and the TA- Technology has risen by about 177% in the last five years, surpassing the Nasdaq 100 index which has risen by about 171%.