A stock market is a central center for the buying and selling of stocks, which represent the ownerships of businesses. Individuals and companies can invest in the stock market, a process that is done through stock brokerages and trading platforms.
Israel's sole public stock exchange comes in the form of the Tel Aviv Stock Exchange (TASE.)
TASE began operations in December 1953, with a precursor version of it already in 1935 in pre-State Israel.
The Israel Securities Authority was established by the sitting Knesset in 1968 which passed the Security Law, providing a set of government regulations that would manage TASE.
Trading in shares occurs every week from Sunday-Thursday on TASE's 473 listed companies.
On July 14, 2021, the United Arab Emirates opened its embassy at the TASE headquarters, deepening relations between the two countries, a process which began under the Abraham Accords in December 2020.
