Bank Hapoalim is TASE's most-traded stock in '06

For the second year in a row, Bank Hapoalim, the country's largest bank, represented the most traded stock on the Tel Aviv Stock Exchange in 2006.

By SHARON WROBEL
February 5, 2007 08:06
1 minute read.

For the second year in a row, Bank Hapoalim, the country's largest bank, represented the most traded stock on the Tel Aviv Stock Exchange in 2006. The volume of the 30 most-traded stocks in 2006 comprised 76 percent of the total trade volume on the stock exchange, similar to the previous two years, the TASE said on Sunday. Daily stock trade volume nearly doubled when compared with 2004, reaching NIS 1.1 billion, a 33% increase from 2005. The companies included in the benchmark Tel Aviv-25 index in 2006 were all part of the list with the exception of Osem. Average daily trade volume of Bank Hapoalim was NIS 125 million, up 53% from the previous year. In the rating of the 30 most-traded stocks, Teva Pharmaceutical Industries Ltd. held on to second place, Bank Leumi was in third place, Israel Chemicals remained in fourth place and Makhteshim Agan held the fifth place as in the previous year. Of the four new entrants to the top 30 most-traded list, there were three real estate companies operating abroad: Gazit Globe, Kardan NV and Elbit Medical Imaging, as well as US Verifone Holdings, which started to trade on the TASE in November. Among the 30 most-traded shares in 2006, Gazit Globe experienced the highest increase in trade volume, 316%, placing the real estate company at number 19 on the list jumping from number 41 in the previous year.


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