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84-794: The company is traded in the Tel Aviv Stock Exchange under the symbol ORL, and is part of the Tel Aviv 35 Index . The company's beginnings date back to the British Mandate for Palestine when Consolidated Refineries Limited (CRL), a joint venture of Shell and the Anglo-American Oil Company (now Esso ), started constructing a sprawling refinery complex which sat at the end of the British-built Mosul–Haifa oil pipeline which stretched from

168-784: A German company specializing in the operation and maintenance of offshore wind farms, in order to complete its operations conducted through Reetec Gmbh, in which EDF EN acquired a stake in 2007. EDF began the refurbishment of the Eckolstädt wind farm in Thuringia in December 2018, updating its capacity from 14.5 MW to 34.5 MW when the works are finished. EDF Renewables acquired wind projects of 300MW under development in Germany from Altus in September 2019. In June 2017, EDF opened

252-581: A wind farm operator, valued at around €188 million. In December of that year, EDF launched the Solar Plan, with which the EDF Group hoped to build 30 GW of solar photovoltaic power in France between 2020 and 2035, for an investment of around €25 billion. In 2018, EDF Energies Nouvelles rebranded to become EDF Renewables to boost international appeal. In April of that year, the group acquired Luxel,

336-422: A $ 3.7 million project to create, compress and transport hydrogen with the ultimate goal of bringing hydrogen-fueled cars to Israel. In April 2021, a government CEO committee assigned to resolve Haifa's decline, suggested a full closure of Bazan group's facilities within 10 years, is required. In July 2021, Bazan presented plans to become the leading Israeli supplier of renewable energy and alternative fuels at

420-588: A 25-year power purchase agreement (PPA) to develop four solar power projects in India, with a capacity of 716 MW. In September 2023, it was announced EDF Renewables North America had sold its 200MW Millers Branch Solar Facility in Haskell County, Texas to the Southern Company subsidiary, Southern Power for an undisclosed amount. In March 2018, EDF announced a major electrical storage plan with

504-534: A MOU with the Emirtati energy company Mazrui International to import polymers that are not made in Israel. In November 2021, UBQ Materials signed with Bazan to provide climate-friendly thermoplastics for resin products. BAZAN Group's vast petrochemical plants have released significant amounts of pollution to the environment around Haifa Bay. The company has set goals to reduce air pollution, including investing over

588-480: A billion dollars to develop environmentally-friendly systems. Starting in March 2011, after being connected to the new national natural gas distribution grid, the plants switched to using natural gas (rather than mostly fuel oil ) as their main power source, thus greatly reducing the amount of air pollution emanating from the complex. In 2012, the company also completed a hydrocracking unit. The switch to natural gas

672-510: A broad range of low density polyethylene (LDPE) grades. Gadiv Petrochemicals , opened in 1974, manufactures and supplies a range of petrochemicals products including aromatic hydrocarbons , aliphatic solvents and intermediates for pharmaceutical, plastic, food and chemical industries. Haifa Basic Oils produces base oils and paraffin wax , exporting nearly 50% of its products to overseas companies. In 2018 Bazan launched BNNovation, an innovation initiative to grow small and larger companies in

756-468: A company specialising in photovoltaic installations, with the acquisition concluding on 1 April 2019. Wind power is EDF Renewables' main sector with 87% of its total installed capacity distributed mainly in Europe and North America . Wind power is EDF's main growth driver. As of June 2019, the group had a total of 12,468 MW gross in operation and 4,055 MW under construction in 22 countries. EDF signed

840-716: A conference in Tel Aviv . The company announced it would make $ 1.5 billion in capital investments by 2030, and laid out a three-pronged strategy built in accordance with international ESG standards. The company announced a set objective of 15% green polymers by 2025 and 30% by 2030. 32°47′36″N 35°03′07″E  /  32.7934°N 35.0519°E  / 32.7934; 35.0519  ( Haifa Oil Refineries ) Tel Aviv Stock Exchange 34°46′14″N 32°03′52″E  /  34.77059°N 32.06455°E  / 34.77059; 32.06455 The Tel Aviv Stock Exchange ( TASE ; Hebrew : הַבּוּרְסָה לִנְיָירוֹת עֵרֶךְ בְּתֵל אָבִיב ), colloquially known as The Bursa ,

924-587: A considerable discount from both the banks and the investment houses, so that the fees collected from the larger traders are at tariffs approaching the TASE pricelist. Furthermore, the Israeli banks collect a range of different fees in relation to transactions with TASE, such as distribution fees for mutual funds and " custodianship fees ", which is an archaic fee that very few of the investment houses continue to collect; it amounts to 0.1–0.2% annually and originates from

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1008-691: A day, a 55% increase over the previous year. The number of exchange-traded funds (ETFs) grew to 240. The Tel Bond-20 index was also launched that year. The TA-25 rose 175% in the period 2004–07. In May 2008 Northern Trust started the first US exchange-traded fund on the NYSE based on TASE's benchmark, the TA-25 Index. As of May 25, 2010, TASE's largest stocks by market capitalization were Teva Pharmaceutical Industries ($ 51.5 billion), Israel Chemicals ($ 14.3bn), Bank Leumi ($ 6.1bn), and Bezeq ($ 6.0bn). Daily turnover of shares and convertibles in 2009

1092-475: A fee that is 100–200 times higher than the TASE fee charged to them. It is usually possible to obtain a discount of tens of percent from the banking pricelist, just by asking, even if volumes are not significant (reducing the fee to 0.2–0.3%). The fee collected from low-volume traders by non-bank members (i.e., the investment houses) is lower (approximately 0.1%), only some 20 times higher than the TASE fee. Significant-volume private and institutional traders receive

1176-750: A for-profit company, while separating the ownership and control of TASE from membership therein. The Israel Securities Authority has regulatory oversight over TASE's operations, as well as over the Tel-Aviv Clearing House, the MAOF Clearing House and the Tel-Aviv Stock Exchange Nominee Company, which are wholly owned subsidiaries of TASE. In 2018, the Nominee Company was established as a private subsidiary of TASE. The Nominee Company

1260-564: A higher value and more stringent threshold criteria in relation to the free float. The Tamar universe comprises some 350 shares, including smaller value shares as well as shares with a lower free float. (formerly, the MAOF Index ) EDF Renewables EDF Renewables (formerly EDF Renouvelables ) is a wholly owned subsidiary of the French utility EDF Group , specializing in renewable energy production. As an integrated operator,

1344-605: A long-term electricity supply contract (PPA) in Brazil under a federal auction for a 114 MW wind power project in Bahia State. Following another federal auction at the end of August 2018, the firm won two other wind projects in this state, which are an extension of existing wind farms: the first adds 147 MW to the 114 MW wind farm (Folha Larga) awarded in April, and the second adds 129 MW to a 183 MW wind farm (Ventos de Bahia). At

1428-427: A positive energy region, including achieving economic development , assisting in the energy transition and providing training and employment . A few days, later, EDF Energies Nouvelles and Naval Energies-OpenHydro launched the construction of the first hydro turbine assembly plant in France at Cherbourg-en-Cotentin (Manche), named Normandie Hydro. In October 2017, EDF EN and ArcelorMittal Méditerranée announced

1512-591: A potential capacity of 600 MW. In May 2018, EDF Energies Nouvelles bought the "Neart na Gaoithe" wind farm in Scotland from Irish company Mainstream Renewable Power, following a competitive process. It will produce 450 MW. The farm is planned to go online in 2023. EDF Renewables opened its wind farm in Blyth in July 2018, where the individual turbines are connected via 66-kilometre (41 mi) offshore cables to bring

1596-570: A share's maximum weighing in an index. For instance, the Tel Aviv 25 Index, which was considered TASE's flagship index was expanded from 25 to 35 shares, with its name being changed to the TA- 35 Index , accordingly. The maximum weighting for a share in the Index was reduced from 10% to 7%. One of the main objectives of the reform was to reduce the level of concentration in the indices. Since more than 70% of

1680-458: A similar acquisition in 2016 in the Pirapora project. Pirapora I and III were connected to the grid in 2017 and Pirapora II came online in the summer of 2018. In September 2017, EDF EN confirmed its project to extend the solar power plant with storage at Toucan, co-built with the town hall of Montsinery-Tonnegrande (French Guiana). Its commissioning is scheduled for the second half of 2018, and

1764-633: A supply contract with the Procter & Gamble Group in 2015 to supply wind power to its North American manufacturing sites. The 123 MW wind farm is expected to help P&G achieve their goal to reduce CO 2 -emissions by 30% by 2020. The group is a key player in offshore wind energy, with two offshore wind farms in Belgium (C-Power) and the United Kingdom (Teesside). In March 2019, EDF Renewables acquired stakes in two Chinese offshore projects,

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1848-571: A visitor's center, which is open to the public for free, and include multi-sensory tours. On June 12, 2020, the eastern cooling tower unexpectedly collapsed. In 2009 the Bazan Group and Olefins companies merged and in 2010 Haifa Basic Oils was fully purchased by Bazan. In 2012 Bazan commissioned UOP 's Unicracking strategies in its plants for production of liquid petroleum gas , naphtha , and kerosene . More than 70% of ORL's products are distributed locally (for private and public purposes) and

1932-483: Is engaged in two main areas of activity: it ensures the proper and complete registration of the number of securities registered in its name (held by the public) and serves as a conduit for the transfer of payments deriving from corporate actions (such as dividends, interest) between the issuing companies and the end-holders of the securities. In August 2018, the Israel Securities Authority approved

2016-656: Is the only public stock exchange in Israel and a public company itself, listed on its own exchange since August 1, 2019. It is regulated by the Securities Law (1968) and is under the direct supervision of the Israel Securities Authority (ISA). The TASE plays a significant role in the Israeli economy , facilitating the trade of securities and the raising of capital and debt for companies and

2100-614: The London Stock Exchange's Main Market and the Nasdaq Small Cap Market. Today, tens of dual-listed companies are traded on TASE (being listed in Tel Aviv and on overseas exchanges, in parallel). In 2005, market makers began operating on TASE. In 2007, the annual volume of securities and convertibles hit a new record of NIS 593.2 billion. Since 2008, against the backdrop of the global economic crisis ,

2184-659: The Mediterranean and Middle East theatre , and was bombed many times during the early stage of the war, by Italy. Damage to the refineries was quickly repaired. Due to concerns about the Arab League Boycott , the British Government sold CRL to the State of Israel in 1958 which then changed its name to Oil Refineries Ltd. Since then the complex has undergone significant expansion and upgrades. In

2268-710: The Villeveyrac ( Occitania ) regional management centre. It is permanently connected to the European control centre in Colombiers, Hérault, which supervises and controls remotely all the renewable production units managed by EDF EN. On July 19, 2017, the President of the Occitania Region, Carole Delga, signed a new collaboration agreement with the EDF Group to support Occitania in its ambition to become

2352-470: The oil fields near Kirkuk in then British-controlled Iraq . Construction of the first refinery unit started in 1938 and was carried out by the M. W. Kellogg Co. with assistance from Solel Boneh , with an annual capacity of two million tons of crude oil. Construction was completed in 1944, increasing the annual yield to four million tons of crude oil. During World War II , the complex supplied refined products to British and American forces operating in

2436-467: The "hostile control" by the Israel Securities Authority and the regulator's interference in the executive management of the bourse as the main reasons for his resignation. Increase in trading volumes in 2020 The average daily trading volume on the equities market in 2020 amounted to approximately NIS 1.9 billion, some 35% higher than the average volume in the years 2015–2019 (that amounted to approximately NIS 1.4 billion per day). The major contributor to

2520-486: The 1960s, the scope of activity on TASE was limited and, in 1965, only 80 companies were listed on TASE. At the end of January 2021, 457 companies were listed on TASE with a total market cap of NIS 837 billion. Since the Israeli stock exchange indices reform at the beginning of 2017, there have been two equity universes. The Rimon universe is the senior of the two and comprises some 230 shares that are suitable to be used as underlying assets for derivatives. Such shares have

2604-470: The 2022 finance law and extended until the end of 2022 by the amending finance law, limits the increase in the regulated price of electricity to 4%. The law also provides for the freezing of the regulated gas tariff(new window) which must not exceed the October 2021 tariff. To reach this 4% ceiling, the government has notably planned to lower the contribution to the public electricity service (CSPE), formerly

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2688-508: The Bolero solar power plant in Chile ’s Atacama Desert in with a capacity of 146 MW. One of the company's subsidiaries, French solar panel manufacturer Photowatt, announced to be forming a joint venture with Canadian Solar and EMC Greentech to develop solar panels based on a new technology. In 2019, EDF Renewables, along with Total Eren and their joint venture EDEN Renewables India, signed

2772-468: The CEO of Bank Leumi. In the office that served as the stock exchange, daily trading within the framework of the "Exchange Bureau of Securities" lasted for just one hour. Among those that conceived the original idea were bankers who had immigrated from Germany such as Max Kollenscher and his brother Leo. In 1968, TASE activity was regulated by law and the Israel Securities Authority, which supervises TASE activity,

2856-707: The Dongtai IV and V wind farms, that will be delivered in cooperation with Chinese power utility China Energy Investment Corporation (CEI) by 2021. It is involved in three structuring projects under development in France, won through a government call for tenders, totalling nearly 1,500 MW in Saint-Nazaire, Courseulles-sur-Mer and Fécamp. The photovoltaic solar sector is EDF Renewables' second largest business sector. It currently has solar energy projects in 13 countries with an installed capacity of 2,423 MW, according to own figures. In 2016, EDF Renewables opened

2940-710: The ETF is subject to the Joint Investment Trusts Law. TASE collects fees from its members on every transaction executed thereon, calculated in thousands of a percent of the asset value in the case of the TACT system and in tens of agorot per MAOF option unit. Citizens interested in trading on TASE do so through the TASE members (the abovementioned banks and investment houses), which collect a considerably higher fee for their services from low-volume traders. The banks collect, using their default pricelist (0.6–0.8%),

3024-478: The European MSCI. Several financial products are traded on TASE: The fund does not guarantee a return linked to the movement in the index and the return for the investor can be higher or lower than the movement in the selected index, due to the fund's trading activity and the deviation (generally, small) in the composition of the fund's assets. Actually, an ETF is obligated to make its best effort to track

3108-495: The Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties. According to its own figures, the company is active in 22 countries with an installed global capacity of 12,468 MW (as of June 2019), with wind being the largest sector, followed by solar and energy storage . The company is also involved in marine energy . The company

3192-537: The Index's weighting related to just 10 shares, a sharp change in the value of just one of these would cause the Index to react dramatically, and the Index was considered to be too concentrated. As part of the reform, new indices were created with the aim of raising investors' interest in TASE and increasing activity thereon. The new indices that were created are: the TA-BlueChip15Price, the TA-SME150 and

3276-818: The Montagne-Ardéchois wind farm, the most powerful in the Auvergne-Rhône-Alpes region. The facility consists of 29 turbines with an installed capacity of 73.5 MW. At the end of June 2017, the Mont-des-Quatre-Faux wind farm project was greenlit by the authorities. Supported by EDF EN in association with the Belgian developer WindVision, it will eventually include 63 wind turbines with a capacity of 3.5 to 5 MW each. On July 6, 2017, EDF EN Services, an EDF subsidiary operating and maintaining wind and photovoltaic power plants, inaugurated

3360-628: The Russian invasion in Ukraine, the price per ton of CO 2 collapsed. In April 2017, EDF Renewable Energy, in a joint venture with EDF Energy, announced the commissioning of the Corriemoillie (47.5 MW), Beck Burn (31 MW) and Pearie Law (19.2 MW) wind farms. Beck Burn was opened in July that year. Also in July 2017, EDF Energy Renewables announced the acquisition of 11 Scottish wind farm sites from asset manager Partnerships for Renewables, with

3444-645: The TA Rimon indices. The Israeli Stock Exchange has 23 members The central Bank of Israel In 1960, TASE moved to its own premises in the "Passage" at 113 Allenby Street in Tel Aviv and, in February 1983, TASE moved premises to 54 Ahad Ha'Am Street in Tel Aviv. In 2001, a Visitors Centers was opened on the historic trading floors of the TASE building. Educational visits took place in the Visitors Center, as well as conventions and events associated with

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3528-595: The TASE and the Toronto Stock Exchange signed a memorandum of understanding, committing to the cultivation of stronger ties between the two exchanges. TASE only operates from Sunday through Thursday. TASE does not operate on Friday as it is a short workday. TASE also does not operate on Israeli national and religious holidays[2]. Every so often, the idea of changing the trading days is raised such that TASE would not operate on Sundays and would operate on Fridays. The reasons for proposing this change include

3612-683: The TA–25 index topped the Bloomberg Riskless Return Ranking list, outperforming 23 other developed-nation benchmark indexes when adjusting for volatility. CEO Ester Levanon resigned on 18 July 2013, effective 31 December 2013. A week later, on 25 July 2013, Chairman Saul Bronfeld resigned. According to Bloomberg, the executives' decisions follow a drop in trading volume and the bourse's failed bid to join MSCI Inc.'s Europe Index. Bronfeld, who served as chairman since 2006, cited

3696-473: The afternoon (and for derivatives – 17:35) local time ( GMT +2). Since March 8, 2020, trading on Sundays occasionally ends at between 15:49 and 15:50 local time ( GMT +2). Correspondingly, derivatives trading on such Sundays ends 35 minutes earlier, viz. at 16:00 on local time ( GMT +2). Calcalist reported in May 2024 that TASE is expected to begin operating also on fridays. This will allow TASE to be included in

3780-483: The capital market[ On July 24, 2014, TASE moved to its new home on the corner of Montefiore Street and Ahuzat Bayit Street, close to the Shalom Meir Tower. The TASE complex stands on a one and a half dunam plot that was acquired by it in 2007 at a cost of NIS 58 million and construction took five years. The 14 story building tops out at 60 meters and has 22,600 m of floor space. The nonstandard ratio between

3864-679: The commissioning of the 12 MW La Fossette photovoltaic power plant in Fos-sur-mer (Bouches-du-Rhône). In December 2017, EDF EN announced to be constructing new wind and solar projects in Occitania, with 120 MW of projects to be built in 2018 and 2019, as well as 500 MW of projects under development. In the summer of 2018, EDF opened the Belfays wind farm in the Grand Est region , with an installed capacity of 20 MW. In September 2019,

3948-568: The company acquired an 80% stake in Hong Kong -based UPC Asia Wind Management, a company specialising in onshore wind power in China. This move was based on a strategy that saw increasing its wind capacity in China by working with Chinese partners on a project-by-project basis. In April 2017, EDF EN announced the acquisition of a 67.2% majority stake, in addition to convertible bonds, in Futuren,

4032-490: The company inaugurated a solar power plant on the site of the former Aramon thermal power plant. A month later, the company commissioned a wind farm with a capacity of 22 MW in the Marne region . In October 2022 in France, the price of electricity is subject to a tariff shield for the year 2022.The price of energy is at the center of concerns, especially as winter approaches.The tariff shield(new window) on energy provided for in

4116-592: The curtain on the trading floors era and completed the changeover to fully automated trading making use of a "continuous" trading system (TACT). In 2000, the Knesset passed Amendment No. 21 to the Securities Law, which makes it easier for companies whose shares are listed in the United States, to also list in Tel Aviv ("dual listing"). In July 2005, dual listing was expanded to include companies listed on

4200-408: The dividends (15.8 billion shekels) in 2022. The remaining dividends were paid to stakeholders. The average dividend yield of the listed companies in 2023 amounted to approximately 2.9%, compared to about 2.8% in the previous year. This was the highest yield since 2017, topping the yield of the record year of 2022. The market value in 2023 was approximately 9% lower than in 2022, while the total dividend

4284-447: The electricity produced onshore. The company sold a 49% minority stake in 24 of its UK wind farms to Dalmore Capital and Pensions Infrastructure Platform (PiP) to further its investments into renewable energy projects in the UK and elsewhere. The sale was worth £ 701 million. In June 2017, EDF EN announced the acquisition of 80% of a 115 megawatt photovoltaic power plant project in Brazil (Pirapora II) from Canadian Solar, following

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4368-481: The end of November 2018, EDF Renewables in Brazil announced the signature of a long-term electricity sales contract with Braskem . The electricity will be produced by a new renewable EDF wind power project, with an installed capacity of 33 MW, which will start construction in 2019 in Bahia State, to be commissioned in 2021. January 2018 saw the commissioning of the Nicolas-Riou wind farm in southeastern Quebec , representing an installed capacity of 224 MW. The wind farm

4452-435: The energy, oil and gas sectors, as well as in the banking and financial services sector. The Tel Aviv Stock Exchange reported that 206 listed companies distributed dividends totalling approximately 27.2 billion shekels in 2023. This was slightly less than the all-time high recorded in 2022 when 233 companies distributed about 28.6 billion shekels. Despite these uncertainties, the percentage of public holdings in traded stocks on

4536-399: The exchange has gradually increased over the recent years, reaching 63.3% by the end of 2023. This trend contributed significantly to an increase in the proportion of dividends received by the public. The year 2023 also marked a record in the total dividends distributed to public shareholders, which was about 62% of the distributed sum (16.8 billion shekels), as opposed to approximately 55% of

4620-454: The facility will have a total installed capacity of 10 MWp. In November 2017, EDF EN do Brasil commissioned the 66 MW Ventos da Bahia wind farm in Bahia State . In mid-January 2018, the firm, along with Andes Mining & Energy (AME), announced the commissioning in Chile of the Santiago Solar photovoltaic power plant (115 MWp), consisting of approximately 400,000 modules and covering more than 200 hectares . In April 2018, EDF EN won

4704-482: The fields of energy, renewable energy, and industry. In 2019, BNNovation was among the founders of ESIL Technologies, an international team operating a lab for cleantech innovation and environmental protection. Also in 2019, Bazan won the tender to establish an environmental innovation lab in Haifa Bay together with the Israeli branch of EDF Renewables and Johnson Matthey . Partners include Haier Group Corporation and Leumi Partners. On November 16, 2020, Bazan signed

4788-497: The general public during 2020, compared to some 98,000 new accounts in 2019, a 44% increase. The pace at which non-bank members acquired new members – some 170% more than in 2019 – was particularly noticeable. Among the banks, the growth was 36% up on the previous year. In 2023, despite significant events such as war and legal reform, about 40% of the companies listed on the Tel Aviv Stock Exchange continued to distribute dividends to their shareholders. This included notable dividends in

4872-568: The government on the Israeli capital market. Trading on the TASE is conducted exclusively through its 23 members, which include major banks and investment houses that collect a fee for their services. The TASE was founded in 1953, with its precursor dating back to 1935. As of 2021, it lists 473 companies, 901 series of corporate bonds, 204 series of government bonds, 416 index-tracking products, and 1,231 mutual funds. The exchange's market capitalization for equities stands at US$ 216 billion, and for bonds at US$ 196 billion. The Tel Aviv Stock Exchange

4956-418: The group increased its involvement in offshore wind energy and entered the markets of Poland , Israel , Morocco and South Africa . A year later, EDF Energies Nouvelles expanded into the Indian market. EDF Energies Nouvelles that year acquired the wind power business of Séchilienne-Sidec (now Albioma ) for €59 million. The company entered Brazil and Chile in 2015. Upon expanding into China in 2016,

5040-457: The index and, as such, the ETF should generate a similar, if not an identical, return to the movement in the index that it tracks. An ETF is a hybrid product, since it is listed on TASE like any other security listed on TASE and can be bought or sold on TASE. However, in addition to this, the investor has the possibility of buying or selling the ETF, in a similar fashion to open-end mutual funds (funds that are not listed on TASE). Like mutual funds,

5124-497: The infrastructure for launching new indices. At the beginning of 2017, the Knesset passed the second and third readings of a law for TASE's demutualization, which created the outline for turning it into a for-profit company. In April 2017, the Knesset passed an amendment of the Securities Law enabling changes to TASE's ownership structure; in September 2017 the District Court ratified the TASE demutualization arrangement, enabling changes to TASE's ownership structure, whereby TASE became

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5208-414: The internal electricity tax (TICFE). This measure, provided for in article 29 of the finance law for 2022(new window), entered into force on February 1, 2022. What is the impact of CO 2 quotas on the price of electricity? The price of electricity is linked in particular to the quantity of carbon produced by the power stations. In Europe, energy producers must buy CO 2 emission rights in order to have

5292-425: The lowest volume since 2004. In 2016, TASE launched an analysis project for high-tech companies, within the framework of which the international research company, Frost and Sullivan, publishes informational and financial analyses regarding technology and biomed companies that are listed on TASE. In 2017, the TASE indices underwent a reform – "the diffusion reform", which had several objectives, including: improving

5376-528: The number of stories and the building's height is due to the building having stories with high ceilings, such as the ground floor that rises to a height of 10 meters. In 1993 TASE had the third largest number of IPOs of all the world stock exchanges. In 2005, non-Israeli investment in TASE reached an all-time high of NIS 2 billion, while the TA-25 increased 34%. By the end of the year foreign investment banks UBS , Deutsche Bank , and HSBC had become members of TASE. In 2007, trading averaged $ 500 million

5460-406: The objective of becoming the European leader in the sector by 2035, for an investment worth €8 billion over the period 2018–2035. In June 2018, EDF opened a 49MW battery storage facility in West Burton, UK. The firm acquired British battery storage start-up Pivot Power in November 2019 for an undisclosed amount. On 5 July 2017, EDF EN announced the acquisition of Offshore Wind Solutions (OWS),

5544-401: The past, ORL also owned the Ashdod Oil Refinery in southern Israel and therefore as a company, it held a monopoly over oil refining in the country. This changed in 2006, when Israel's Government Companies Authority, headed by Eyal Gabbai started privatization processes. On August 1, 2006, the Ashdod facilities were sold to the Paz Oil Company for 3.5 billion ILS. In February 2007, 44% of

5628-426: The relatively low trading volume on Sundays, due mainly to the world's main stock exchanges not operating on Sundays. The TASE trading schedule on workdays is divided into five phases: "Pre-opening", "Opening auction", "Continuous trading", "Pre-closing", and "Closing auction" On the days when operations are conducted, trading is executed between the hours of 9:25 in the morning (derivatives – from 9:45) and 17:25 in

5712-408: The rest is exported. The company is a direct employer of 1,500 workers and an additional 2,000 contractors; the majority of employees are residents of Haifa and the northern region of Israel. Carmel Olefins is Israel's sole manufacturer of petrochemical products that are used as raw materials for the plastics industry . Carmel manufactures standard and special grades of polypropylene (PP) as well as

5796-473: The right to issue them on the emission quota trading market. The more the production of electricity emits CO 2 , the more the power station must buy allowances. Some French power stations, which produce electricity "in backup" to meet occasional needs (in winter for example), run on coal or gas. When the price of the CO 2 emission quota increases (80 euros per tonne in December 2021, i.e. multiplied by 2.4 since January 2021), so does that of electricity. After

5880-457: The rise in trading volumes was global coronavirus pandemic, which reached Israel in February 2020, and led to a steep increase in trading volatility on the markets. Growth in the number of retail accounts with Israeli members of TASE in 2020 The Israeli capital market was stormed by the local retail public in 2020, which opened a significantly greater number of new accounts with TASE members than in 2019. Some 141,000 new accounts were opened by

5964-433: The sale of 71.7% of TASE's shares to five groups of foreign investors. On August 1, 2019, trade in TASE shares commenced on the Tel-Aviv Stock Exchange. The 2017 indices reform At the beginning of 2017, TASE carried out a comprehensive reform of the security indices listed on it and established new indices. Among the principal changes made by the reform was expanding the number of shares included in each index and lowering

6048-553: The same capital structure. EDF listed EDF Energies Nouvelles on the stock exchange in 2006. Pâris Mouratoglou retained a 25.1% stake of the capital at that time, while EDF held 50%, the balance being the free float on the stock market . EDF Energies Nouvelles unlisted from the stock market on 15 August 2011, following EDF's buy-out of the remaining 50% stake from Pâris Mouratoglou and the free float, pushing EDF's stake in EDF Energies Nouvelles to 100%. In 2012,

6132-473: The shares were sold to institutional investors. Following this, 46% were sold to the Ofer-Federman group at 3.30 ILS per share, with the remaining shares sold in an IPO on the Tel Aviv Stock Exchange in 2007. There were more than 5,500 requests to buy shares, an unprecedented number. The company's iconic and historic cooling towers were removed from service in 2008. One of the towers was converted into

6216-449: The stability of the TASE indices, broadening the sectoral diffusion within the various indices, setting more stringent threshold terms for the flagship indices and easing the threshold terms for the other indices, encouraging foreign investors to invest in the TASE indices, significantly increasing the free float rate for the shares included in the flagship indices, fully realizing the potential of small and medium company shares, and enlarging

6300-665: The tightening of the regulatory regime in which TASE operates (by the Israel Securities Authority , the Capital Market, Insurance and Savings Division at the Israeli Ministry of Finance, the Anti-Money Laundering Authority, etc.) and other factors, the number of trading participants and trading volumes have become less significant. In 2012, the annual volume of securities and convertibles amounted to just NIS 265.1 billion (a 54% decrease) –

6384-564: The time had 70 Israeli companies listed on the exchange, with a combined global market capitalization of over US$ 60 billion. In July 2008, the TASE entered into a memorandum of understanding with NYSE Euronext . At the time seven Israeli companies traded on the NYSE. In November 2008 the TASE and the Shanghai Stock Exchange signed a memorandum of understanding, with delegations to be sent to each other's markets to deepen understanding and promote trade. In February 2010,

6468-454: The time when securities were actual paper documents that were kept in a safe for the bank's customers. In the digital world, the justification for this fee is less clear and most of TASE's non-bank members do not collect this fee from their customers; the banks too are tending to waive this fee for some of their customers. TASE publishes a fees comparison table on its website, which allows the different trading fees to be swiftly compared. During

6552-424: Was US$ 432 million, $ 1,035M of bonds and exchange-traded notes (ETNs), $ 163M of T-bills, and 252,000 options and futures contracts. Total market capitalization at the end of 2009 was $ 189bn shares and convertibles, $ 174bn government and corporate bonds, and $ 23bn T-bills, a total of $ 386bn. On April 25, 2010, TASE's benchmark TA-25 index reached a record high of 1,239 points. For the decade ending 12 February 2012,

6636-569: Was established in 1953. Even prior to this, commencing in 1935, securities trading was carried out in the Land of Israel and, afterwards, in the State of Israel at the mandate-period Anglo-Palestine Bank (today, Bank Leumi ). The trade was conducted at the bank, in the office of Mordechai Pinchas Hasson , an Israeli banker who was one of the founders of the Exchange Bureau of Securities and

6720-445: Was established. In 1983, TASE was hit by the bank stock crisis , during which the share price of Israel's four largest banks collapsed – resulting in the state's nationalization of the banks and a third of the public's investment in them being wiped out. In the same year, TASE moved from its premises at 113 Allenby Street to a building at 54 Ahad Ha'Am Street, Tel Aviv. In 1993, trade in derivatives commenced. In 1999, TASE brought down

6804-433: Was expected to save the company US$ 200 million per year in fuel and other costs. In 2014 ORL acquired systems for treating hazards related to smells and treating emissions of volatile organic materials. In 2020, ORL published its first report for Corporate Responsibility since 2011, including its achievements in reducing benzene emissions and facilitating healthier environmental conditions. In December 2020 BAZAN announced

6888-732: Was formerly known as EDF Energies Nouvelles until it was rebranded in April 2018 to its current name, EDF Renewables. In 1990, the Société Internationale d'Investissements Financiers – Énergies (SIIF Énergies) was created by Pâris Mouratoglou, a thermal and hydroelectric power plant development company. The firm in 1999 positioned itself in the renewable energy sector and in 2000, Pâris Mouratoglou sold 35% of SIIF Énergies to Électricité de France (EDF). In 2002, EDF increased its stake in SIIF Énergies to 50%. Two years later, SIIF became EDF Energies Nouvelles (EDF EN), while maintaining

6972-503: Was inaugurated in June that same year. In December 2018, EDF Renewables in Canada announced the signing of a renewable electricity support agreement with, Alberta 's electricity grid operator AESO . This 20-year contract covers Cypress' 201.6 MW wind power project. Desjardins Group Pension Plan (DGPP) in June 2019 announced its intent to acquire 40.5% of EDF Renewables Canada's interest in

7056-541: Was only about 5% lower than the previous year. In February 2007 the TASE signed a formal memorandum of understanding with the London Stock Exchange intended to smooth the trading of securities listed on both exchanges. At the time, 50 Israeli companies were listed on the London Stock Exchange. A similar memorandum of understanding was signed with The Nasdaq Stock Market in November 2007. NASDAQ at

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