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118-597: The Tel Aviv Stock Exchange ( TASE ; Hebrew : הַבּוּרְסָה לִנְיָירוֹת עֵרֶךְ בְּתֵל אָבִיב ), colloquially known as The Bursa , 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

236-685: A Hebrew form. Medieval Hebrew added 6421 words to (Modern) Hebrew. The approximate number of new lexical items in Israeli is 17,000 (cf. 14,762 in Even-Shoshan 1970 [...]). With the inclusion of foreign and technical terms [...], the total number of Israeli words, including words of biblical, rabbinic and medieval descent, is more than 60,000. In Israel, Modern Hebrew is currently taught in institutions called Ulpanim (singular: Ulpan). There are government-owned, as well as private, Ulpanim offering online courses and face-to-face programs. Modern Hebrew

354-595: A century ago, was fluent enough in this idiom to be able to follow the Mishna Berurah without any trouble." Hebrew has been revived several times as a literary language, most significantly by the Haskalah (Enlightenment) movement of early and mid-19th-century Germany. In the early 19th century, a form of spoken Hebrew had emerged in the markets of Jerusalem between Jews of different linguistic backgrounds to communicate for commercial purposes. This Hebrew dialect

472-532: 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

590-661: A corollary Hebrew ceased to function as a spoken language around the same time. Moshe Zvi Segal , Joseph Klausner and Ben Yehuda are notable exceptions to this view. During the latter half of the 20th century, accumulating archaeological evidence and especially linguistic analysis of the Dead Sea Scrolls has disproven that view. The Dead Sea Scrolls, uncovered in 1946–1948 near Qumran revealed ancient Jewish texts overwhelmingly in Hebrew, not Aramaic. The Qumran scrolls indicate that Hebrew texts were readily understandable to

708-688: 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

826-579: A distinct style of philosophical Hebrew. This is used in the translations made by the Ibn Tibbon family. (Original Jewish philosophical works were usually written in Arabic. ) Another important influence was Maimonides , who developed a simple style based on Mishnaic Hebrew for use in his law code, the Mishneh Torah . Subsequent rabbinic literature is written in a blend between this style and

944-475: 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

1062-750: 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

1180-594: A gradually accepted movement. It was not, however, until the 1904–1914 Second Aliyah that Hebrew had caught real momentum in Ottoman Palestine with the more highly organized enterprises set forth by the new group of immigrants. When the British Mandate of Palestine recognized Hebrew as one of the country's three official languages (English, Arabic, and Hebrew, in 1922), its new formal status contributed to its diffusion. A constructed modern language with

1298-529: 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 ) Hebrew language Hebrew ( Hebrew alphabet : עִבְרִית ‎, ʿĪvrīt , pronounced [ ʔivˈʁit ] or [ ʕivˈrit ] ; Samaritan script : ࠏࠨࠁࠬࠓࠪࠉࠕ ‎ ʿÎbrit )

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1416-468: A literary language down through the Byzantine period from the 4th century CE. The exact roles of Aramaic and Hebrew remain hotly debated. A trilingual scenario has been proposed for the land of Israel. Hebrew functioned as the local mother tongue with powerful ties to Israel's history, origins and golden age and as the language of Israel's religion; Aramaic functioned as the international language with

1534-536: A literary language, especially in Spain, as the language of commerce between Jews of different native languages, and as the liturgical language of Judaism, evolving various dialects of literary Medieval Hebrew , until its revival as a spoken language in the late 19th century. In May 2023, Scott Stripling published the finding of what he claims to be the oldest known Hebrew inscription, a curse tablet found at Mount Ebal , dated from around 3200 years ago. The presence of

1652-548: A set of dialects evolving out of Late Biblical Hebrew and into Mishnaic Hebrew, thus including elements from both but remaining distinct from either. By the start of the Byzantine Period in the 4th century CE, Classical Hebrew ceased as a regularly spoken language, roughly a century after the publication of the Mishnah, apparently declining since the aftermath of the catastrophic Bar Kokhba revolt around 135 CE. In

1770-569: 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

1888-756: A significant role in the Israeli economy , facilitating the trade of securities and the raising of capital and debt for companies and 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

2006-668: A spoken language, it continued to be used as a lingua franca among scholars and Jews traveling in foreign countries. After the 2nd century CE when the Roman Empire exiled most of the Jewish population of Jerusalem following the Bar Kokhba revolt , they adapted to the societies in which they found themselves, yet letters, contracts, commerce, science, philosophy, medicine, poetry and laws continued to be written mostly in Hebrew, which adapted by borrowing and inventing terms. After

2124-472: A truly Semitic vocabulary and written appearance, although often European in phonology , was to take its place among the current languages of the nations. While many saw his work as fanciful or even blasphemous (because Hebrew was the holy language of the Torah and therefore some thought that it should not be used to discuss everyday matters), many soon understood the need for a common language amongst Jews of

2242-558: A vernacular in Judea until it was displaced by Aramaic, probably in the 3rd century CE. Certain Sadducee , Pharisee , Scribe , Hermit, Zealot and Priest classes maintained an insistence on Hebrew, and all Jews maintained their identity with Hebrew songs and simple quotations from Hebrew texts. While there is no doubt that at a certain point, Hebrew was displaced as the everyday spoken language of most Jews, and that its chief successor in

2360-518: Is 8198, of which some 2000 are hapax legomena (the number of Biblical Hebrew roots, on which many of these words are based, is 2099). The number of attested Rabbinic Hebrew words is less than 20,000, of which (i) 7879 are Rabbinic par excellence, i.e. they did not appear in the Old Testament (the number of new Rabbinic Hebrew roots is 805); (ii) around 6000 are a subset of Biblical Hebrew; and (iii) several thousand are Aramaic words which can have

2478-644: Is a Northwest Semitic language within the Afroasiatic language family . A regional dialect of the Canaanite languages , it was natively spoken by the Israelites and remained in regular use as a first language until after 200 CE and as the liturgical language of Judaism (since the Second Temple period ) and Samaritanism . The language was revived as a spoken language in the 19th century, and

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2596-483: 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

2714-567: Is fighting to stop businesses from using only English signs to market their services. In 2012, a Knesset bill for the preservation of the Hebrew language was proposed, which includes the stipulation that all signage in Israel must first and foremost be in Hebrew, as with all speeches by Israeli officials abroad. The bill's author, MK Akram Hasson , stated that the bill was proposed as a response to Hebrew "losing its prestige" and children incorporating more English words into their vocabulary. Hebrew

2832-614: Is one of several languages for which the constitution of South Africa calls to be respected in their use for religious purposes. Also, Hebrew is an official national minority language in Poland , since 6 January 2005. Hamas has made Hebrew a compulsory language taught in schools in the Gaza Strip. TA-35 Index TA-35 Index is an Israeli stock market index computed by the Tel Aviv Stock Exchange tracking

2950-573: Is the only successful large-scale example of linguistic revival . It is the only Canaanite language, as well as one of only two Northwest Semitic languages, with the other being Aramaic , still spoken today. The earliest examples of written Paleo-Hebrew date back to the 10th century BCE. Nearly all of the Hebrew Bible is written in Biblical Hebrew , with much of its present form in the dialect that scholars believe flourished around

3068-457: Is the primary official language of the State of Israel. As of 2013 , there are about 9 million Hebrew speakers worldwide, of whom 7 million speak it fluently. Currently, 90% of Israeli Jews are proficient in Hebrew, and 70% are highly proficient. Some 60% of Israeli Arabs are also proficient in Hebrew, and 30% report having a higher proficiency in Hebrew than in Arabic. In total, about 53% of

3186-547: Is used to pronounce the Hebrew Bible; however, properly it should be distinguished from the historical Biblical Hebrew of the 6th century BCE, whose original pronunciation must be reconstructed. Tiberian Hebrew incorporates the scholarship of the Masoretes (from masoret meaning "tradition"), who added vowel points and grammar points to the Hebrew letters to preserve much earlier features of Hebrew, for use in chanting

3304-650: The Chayei Adam in Hebrew, as opposed to Yiddish , as a guide to Halacha for the " average 17-year-old" (Ibid. Introduction 1). Similarly, Rabbi Yisrael Meir Kagan 's purpose in writing the Mishnah Berurah was to "produce a work that could be studied daily so that Jews might know the proper procedures to follow minute by minute". The work was nevertheless written in Talmudic Hebrew and Aramaic, since, "the ordinary Jew [of Eastern Europe] of

3422-727: The Ancient Greek Ἑβραῖος ( hebraîos ) and Aramaic 'ibrāy , all ultimately derived from Biblical Hebrew Ivri ( עברי ), one of several names for the Israelite ( Jewish and Samaritan ) people ( Hebrews ). It is traditionally understood to be an adjective based on the name of Abraham 's ancestor, Eber , mentioned in Genesis 10:21 . The name is believed to be based on the Semitic root ʕ-b-r ( ע־ב־ר ‎), meaning "beyond", "other side", "across"; interpretations of

3540-547: The Canaanite group of languages . Canaanite languages are a branch of the Northwest Semitic family of languages. Hebrew was the spoken language in the Iron Age kingdoms of Israel and Judah during the period from about 1200 to 586 BCE. Epigraphic evidence from this period confirms the widely accepted view that the earlier layers of biblical literature reflect the language used in these kingdoms. Furthermore,

3658-572: The Gospel of Matthew . (See the Hebrew Gospel hypothesis or Language of Jesus for more details on Hebrew and Aramaic in the gospels.) The term "Mishnaic Hebrew" generally refers to the Hebrew dialects found in the Talmud , excepting quotations from the Hebrew Bible. The dialects organize into Mishnaic Hebrew (also called Tannaitic Hebrew, Early Rabbinic Hebrew, or Mishnaic Hebrew I), which

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3776-495: The Latin alphabet of ancient Rome . The Gezer calendar is written without any vowels , and it does not use consonants to imply vowels even in the places in which later Hebrew spelling requires them. Numerous older tablets have been found in the region with similar scripts written in other Semitic languages, for example, Proto-Sinaitic . It is believed that the original shapes of the script go back to Egyptian hieroglyphs , though

3894-613: 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 ,

4012-682: The Maccabean Revolt (167–160 BCE) and the emergence of the Hasmonean kingdom , the Great Jewish Revolt (66–73 CE), and the Bar Kokhba revolt (132–135 CE). The nationalist significance of Hebrew manifested in various ways throughout this period. Michael Owen Wise notes that "Beginning with the time of the Hasmonean revolt [...] Hebrew came to the fore in an expression akin to modern nationalism. A form of classical Hebrew

4130-536: The Second Aliyah , it replaced a score of languages spoken by Jews at that time. Those languages were Jewish dialects of local languages, including Judaeo-Spanish (also called "Judezmo" and "Ladino"), Yiddish , Judeo-Arabic and Bukhori (Tajiki), or local languages spoken in the Jewish diaspora such as Russian , Persian and Arabic . The major result of the literary work of the Hebrew intellectuals along

4248-462: The literary and liturgical language into everyday spoken language . However, his brand of Hebrew followed norms that had been replaced in Eastern Europe by different grammar and style, in the writings of people like Ahad Ha'am and others. His organizational efforts and involvement with the establishment of schools and the writing of textbooks pushed the vernacularization activity into

4366-620: The official language of the State of Israel . Estimates of worldwide usage include five million speakers in 1998, and over nine million people in 2013. After Israel, the United States has the largest Hebrew-speaking population, with approximately 220,000 fluent speakers (see Israeli Americans and Jewish Americans ). Modern Hebrew is the official language of the State of Israel, while pre-revival forms of Hebrew are used for prayer or study in Jewish and Samaritan communities around

4484-543: The ostraca found near Lachish , which describe events preceding the final capture of Jerusalem by Nebuchadnezzar and the Babylonian captivity of 586 BCE. In its widest sense, Biblical Hebrew refers to the spoken language of ancient Israel flourishing between c.  1000 BCE and c.  400 CE . It comprises several evolving and overlapping dialects. The phases of Classical Hebrew are often named after important literary works associated with them. Sometimes

4602-467: 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

4720-607: The 10th century BCE at the beginning of the Monarchic period , the traditional time of the reign of David and Solomon . Classified as Archaic Biblical Hebrew , the calendar presents a list of seasons and related agricultural activities. The Gezer calendar (named after the city in whose proximity it was found) is written in an old Semitic script, akin to the Phoenician one that, through the Greeks and Etruscans , later became

4838-485: 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

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4956-555: The 1980s in the USSR , Hebrew studies reappeared due to people struggling for permission to go to Israel ( refuseniks ). Several of the teachers were imprisoned, e.g. Yosef Begun , Ephraim Kholmyansky , Yevgeny Korostyshevsky and others responsible for a Hebrew learning network connecting many cities of the USSR. Standard Hebrew, as developed by Eliezer Ben-Yehuda, was based on Mishnaic spelling and Sephardi Hebrew pronunciation. However,

5074-611: The 19th century was a lexical modernization of Hebrew. New words and expressions were adapted as neologisms from the large corpus of Hebrew writings since the Hebrew Bible, or borrowed from Arabic (mainly by Ben-Yehuda) and older Aramaic and Latin. Many new words were either borrowed from or coined after European languages, especially English, Russian, German, and French. Modern Hebrew became an official language in British-ruled Palestine in 1921 (along with English and Arabic), and then in 1948 became an official language of

5192-604: The 6th century BCE, during the time of the Babylonian captivity . For this reason, Hebrew has been referred to by Jews as Lashon Hakodesh ( לְשׁוֹן הַקֹּדֶש , lit.   ' the holy tongue ' or ' the tongue [of] holiness ' ) since ancient times. The language was not referred to by the name Hebrew in the Bible , but as Yehudit ( transl.  ' Judean ' ) or Səpaṯ Kəna'an ( transl.  "the language of Canaan " ). Mishnah Gittin 9:8 refers to

5310-766: The Aramaized Rabbinic Hebrew of the Talmud. Hebrew persevered through the ages as the main language for written purposes by all Jewish communities around the world for a large range of uses—not only liturgy, but also poetry, philosophy, science and medicine, commerce, daily correspondence and contracts. There have been many deviations from this generalization such as Bar Kokhba 's letters to his lieutenants, which were mostly in Aramaic, and Maimonides' writings, which were mostly in Arabic; but overall, Hebrew did not cease to be used for such purposes. For example,

5428-687: The British Mandate who at the turn of the 20th century were arriving in large numbers from diverse countries and speaking different languages. A Committee of the Hebrew Language was established. After the establishment of Israel, it became the Academy of the Hebrew Language . The results of Ben-Yehuda's lexicographical work were published in a dictionary ( The Complete Dictionary of Ancient and Modern Hebrew , Ben-Yehuda Dictionary ). The seeds of Ben-Yehuda's work fell on fertile ground, and by

5546-468: 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,

5664-710: 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%),

5782-477: 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

5900-526: The Great conquered Babylon, he allowed the Jewish people to return from captivity. In time, a local version of Aramaic came to be spoken in Israel alongside Hebrew. By the beginning of the Common Era , Aramaic was the primary colloquial language of Samarian , Babylonian and Galileean Jews, and western and intellectual Jews spoke Greek , but a form of so-called Rabbinic Hebrew continued to be used as

6018-432: The Hebrew name of god , Yahweh, as three letters, Yod-Heh-Vav (YHV), according to the author and his team meant that the tablet is Hebrew and not Canaanite. However, practically all professional archeologists and epigraphers apart from Stripling's team claim that there is no text on this object. In July 2008, Israeli archaeologist Yossi Garfinkel discovered a ceramic shard at Khirbet Qeiyafa that he claimed may be

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6136-602: The Hebrew Bible. The Masoretes inherited a biblical text whose letters were considered too sacred to be altered, so their markings were in the form of pointing in and around the letters. The Syriac alphabet , precursor to the Arabic alphabet , also developed vowel pointing systems around this time. The Aleppo Codex , a Hebrew Bible with the Masoretic pointing, was written in the 10th century, likely in Tiberias, and survives into

6254-411: 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

6372-454: The Israeli population speaks Hebrew as a native language, while most of the rest speak it fluently. In 2013 Hebrew was the native language of 49% of Israelis over the age of 20, with Russian , Arabic , French , English , Yiddish and Ladino being the native tongues of most of the rest. Some 26% of immigrants from the former Soviet Union and 12% of Arabs reported speaking Hebrew poorly or not at all. Steps have been taken to keep Hebrew

6490-417: The Middle East was the closely related Aramaic language, then Greek , scholarly opinions on the exact dating of that shift have changed very much. In the first half of the 20th century, most scholars followed Abraham Geiger and Gustaf Dalman in thinking that Aramaic became a spoken language in the land of Israel as early as the beginning of Israel's Hellenistic period in the 4th century BCE, and that as

6608-466: 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

6726-520: 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

6844-490: 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

6962-449: The Talmud, the Gemara , generally comments on the Mishnah and Baraitot in two forms of Aramaic. Nevertheless, Hebrew survived as a liturgical and literary language in the form of later Amoraic Hebrew, which occasionally appears in the text of the Gemara, particularly in the Jerusalem Talmud and the classical aggadah midrashes . Hebrew was always regarded as the language of Israel's religion, history and national pride, and after it faded as

7080-406: The Talmud, various regional literary dialects of Medieval Hebrew evolved. The most important is Tiberian Hebrew or Masoretic Hebrew, a local dialect of Tiberias in Galilee that became the standard for vocalizing the Hebrew Bible and thus still influences all other regional dialects of Hebrew. This Tiberian Hebrew from the 7th to 10th century CE is sometimes called "Biblical Hebrew" because it

7198-422: The ability to speak the language and attempted to promote its use. According to the Jerusalem Talmud , Megillah 1:9: "Rebbi Jonathan from Bet Guvrrin said, four languages are appropriate that the world should use them, and they are these: The Foreign Language (Greek) for song, Latin for war, Syriac for elegies, Hebrew for speech. Some are saying, also Assyrian (Hebrew script) for writing." The later section of

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7316-411: The above phases of spoken Classical Hebrew are simplified into "Biblical Hebrew" (including several dialects from the 10th century BCE to 2nd century BCE and extant in certain Dead Sea Scrolls) and "Mishnaic Hebrew" (including several dialects from the 3rd century BCE to the 3rd century CE and extant in certain other Dead Sea Scrolls). However, today most Hebrew linguists classify Dead Sea Scroll Hebrew as

7434-423: 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

7552-455: The average Jew, and that the language had evolved since Biblical times as spoken languages do. Recent scholarship recognizes that reports of Jews speaking in Aramaic indicate a multilingual society, not necessarily the primary language spoken. Alongside Aramaic, Hebrew co-existed within Israel as a spoken language. Most scholars now date the demise of Hebrew as a spoken language to the end of the Roman period , or about 200 CE. It continued on as

7670-428: The beginning of the 20th century, Hebrew was well on its way to becoming the main language of the Jewish population of both Ottoman and British Palestine. At the time, members of the Old Yishuv and a very few Hasidic sects, most notably those under the auspices of Satmar , refused to speak Hebrew and spoke only Yiddish. In the Soviet Union, the use of Hebrew, along with other Jewish cultural and religious activities,

7788-414: 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

7906-541: The composition of 1 Maccabees in archaizing Hebrew, Hasmonean coinage under John Hyrcanus (134-104 BCE), and coins from both the Great Revolt and Bar Kokhba Revolt featuring exclusively Hebrew and Palaeo-Hebrew script inscriptions. This deliberate use of Hebrew and Paleo-Hebrew script in official contexts, despite limited literacy, served as a symbol of Jewish nationalism and political independence. The Christian New Testament contains some Semitic place names and quotes. The language of such Semitic glosses (and in general

8024-410: The content of Hebrew inscriptions suggests that the written texts closely mirror the spoken language of that time. Scholars debate the degree to which Hebrew was a spoken vernacular in ancient times following the Babylonian exile when the predominant international language in the region was Old Aramaic . Hebrew was extinct as a colloquial language by late antiquity , but it continued to be used as

8142-409: 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

8260-514: The dialects of Classical Hebrew that functioned as a living language in the land of Israel. A transitional form of the language occurs in the other works of Tannaitic literature dating from the century beginning with the completion of the Mishnah. These include the halachic Midrashim ( Sifra , Sifre , Mekhilta etc.) and the expanded collection of Mishnah-related material known as the Tosefta . The Talmud contains excerpts from these works, as well as further Tannaitic material not attested elsewhere;

8378-408: 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

8496-423: The earliest Hebrew writing yet discovered, dating from around 3,000 years ago. Hebrew University archaeologist Amihai Mazar said that the inscription was "proto-Canaanite" but cautioned that "[t]he differentiation between the scripts, and between the languages themselves in that period, remains unclear", and suggested that calling the text Hebrew might be going too far. The Gezer calendar also dates back to

8614-513: The earliest speakers of Modern Hebrew had Yiddish as their native language and often introduced calques from Yiddish and phono-semantic matchings of international words. Despite using Sephardic Hebrew pronunciation as its primary basis, modern Israeli Hebrew has adapted to Ashkenazi Hebrew phonology in some respects, mainly the following: The vocabulary of Israeli Hebrew is much larger than that of earlier periods. According to Ghil'ad Zuckermann : The number of attested Biblical Hebrew words

8732-532: The early 6th century BCE, the Neo-Babylonian Empire conquered the ancient Kingdom of Judah , destroying much of Jerusalem and exiling its population far to the east in Babylon . During the Babylonian captivity , many Israelites learned Aramaic, the closely related Semitic language of their captors. Thus, for a significant period, the Jewish elite became influenced by Aramaic. After Cyrus

8850-435: 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

8968-399: 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

9086-711: The first Middle East printing press, in Safed (modern Israel), produced a small number of books in Hebrew in 1577, which were then sold to the nearby Jewish world. This meant not only that well-educated Jews in all parts of the world could correspond in a mutually intelligible language, and that books and legal documents published or written in any part of the world could be read by Jews in all other parts, but that an educated Jew could travel and converse with Jews in distant places, just as priests and other educated Christians could converse in Latin. For example, Rabbi Avraham Danzig wrote

9204-572: 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

9322-406: The generic term for these passages is Baraitot . The dialect of all these works is very similar to Mishnaic Hebrew. About a century after the publication of the Mishnah, Mishnaic Hebrew fell into disuse as a spoken language. By the third century CE, sages could no longer identify the Hebrew names of many plants mentioned in the Mishnah. Only a few sages, primarily in the southern regions, retained

9440-457: 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,

9558-736: 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

9676-462: The language as Ivrit , meaning Hebrew; however, Mishnah Megillah refers to the language as Ashurit , meaning Assyrian , which is derived from the name of the alphabet used , in contrast to Ivrit , meaning the Paleo-Hebrew alphabet . Hebrew ceased to be a regular spoken language sometime between 200 and 400 CE, as it declined in the aftermath of the unsuccessful Bar Kokhba revolt , which

9794-465: The language spoken by Jews in scenes from the New Testament) is often referred to as "Hebrew" in the text, although this term is often re-interpreted as referring to Aramaic instead and is rendered accordingly in recent translations. Nonetheless, these glosses can be interpreted as Hebrew as well. It has been argued that Hebrew, rather than Aramaic or Koine Greek, lay behind the composition of

9912-471: The language. The revival of the Hebrew language as a mother tongue was initiated in the late 19th century by the efforts of Ben-Yehuda. He joined the Jewish national movement and in 1881 immigrated to Palestine , then a part of the Ottoman Empire . Motivated by the surrounding ideals of renovation and rejection of the diaspora " shtetl " lifestyle, Ben-Yehuda set out to develop tools for making

10030-424: 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

10148-727: The newly declared State of Israel . Hebrew is the most widely spoken language in Israel today. In the Modern Period, from the 19th century onward, the literary Hebrew tradition revived as the spoken language of modern Israel, called variously Israeli Hebrew , Modern Israeli Hebrew , Modern Hebrew , New Hebrew , Israeli Standard Hebrew , Standard Hebrew and so on. Israeli Hebrew exhibits some features of Sephardic Hebrew from its local Jerusalemite tradition but adapts it with numerous neologisms, borrowed terms (often technical) from European languages and adopted terms (often colloquial) from Arabic. The literary and narrative use of Hebrew

10266-577: 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

10384-725: The performance of 35 large companies listed on stock exchanges in Israel. It is one of the most commonly followed equity indices in Israel, considered as the flagship index in Israel and as a proxy to the Israeli economy similarly to the S&;P 500 in the USA TA-25 was launched in January 1992, with a value of 100 points as a base value. The index was expanded on February 12, 2017 to include 35 instead of 25 stocks, in an attempt to improve stability and therefore reduce risk for trackers and encourage foreign investment. The components of

10502-534: The phonetic values are instead inspired by the acrophonic principle. The common ancestor of Hebrew and Phoenician is called Canaanite , and was the first to use a Semitic alphabet distinct from that of Egyptian. One ancient document is the famous Moabite Stone , written in the Moabite dialect; the Siloam inscription , found near Jerusalem , is an early example of Hebrew. Less ancient samples of Archaic Hebrew include

10620-591: The present day. It is perhaps the most important Hebrew manuscript in existence. During the Golden age of Jewish culture in Spain , important work was done by grammarians in explaining the grammar and vocabulary of Biblical Hebrew; much of this was based on the work of the grammarians of Classical Arabic . Important Hebrew grammarians were Judah ben David Hayyuj , Jonah ibn Janah , Abraham ibn Ezra and later (in Provence ), David Kimhi . A great deal of poetry

10738-570: The primary language of use, and to prevent large-scale incorporation of English words into the Hebrew vocabulary. The Academy of the Hebrew Language of the Hebrew University of Jerusalem currently invents about 2,000 new Hebrew words each year for modern words by finding an original Hebrew word that captures the meaning, as an alternative to incorporating more English words into Hebrew vocabulary. The Haifa municipality has banned officials from using English words in official documents, and

10856-425: 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

10974-734: The rest of the Middle East; and eventually Greek functioned as another international language with the eastern areas of the Roman Empire. William Schniedewind argues that after waning in the Persian period, the religious importance of Hebrew grew in the Hellenistic and Roman periods, and cites epigraphical evidence that Hebrew survived as a vernacular language – though both its grammar and its writing system had been substantially influenced by Aramaic. According to another summary, Greek

11092-512: 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

11210-509: 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

11328-493: The southern villages of Judea." In other words, "in terms of dialect geography, at the time of the tannaim Palestine could be divided into the Aramaic-speaking regions of Galilee and Samaria and a smaller area, Judaea, in which Rabbinic Hebrew was used among the descendants of returning exiles." In addition, it has been surmised that Koine Greek was the primary vehicle of communication in coastal cities and among

11446-474: The spoken language of the Russian Jews, should be treated as their only national language, while Hebrew was to be treated as a foreign language. Hebrew books and periodicals ceased to be published and were seized from the libraries, although liturgical texts were still published until the 1930s. Despite numerous protests, a policy of suppression of the teaching of Hebrew operated from the 1930s on. Later in

11564-449: 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

11682-470: The term "Hebrew" generally render its meaning as roughly "from the other side [of the river/desert]"—i.e., an exonym for the inhabitants of the land of Israel and Judah , perhaps from the perspective of Mesopotamia , Phoenicia or Transjordan (with the river referred to being perhaps the Euphrates , Jordan or Litani ; or maybe the northern Arabian Desert between Babylonia and Canaan ). Compare

11800-665: 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) –

11918-560: 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,

12036-453: 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

12154-580: The upper class of Jerusalem , while Aramaic was prevalent in the lower class of Jerusalem, but not in the surrounding countryside. After the suppression of the Bar Kokhba revolt in the 2nd century CE, Judaeans were forced to disperse. Many relocated to Galilee, so most remaining native speakers of Hebrew at that last stage would have been found in the north. Many scholars have pointed out that Hebrew continued to be used alongside Aramaic during Second Temple times, not only for religious purposes but also for nationalistic reasons, especially during revolts such as

12272-505: The word Habiru or cognate Assyrian ebru , of identical meaning. One of the earliest references to the language's name as " Ivrit " is found in the prologue to the Book of Sirach , from the 2nd century BCE. The Hebrew Bible does not use the term "Hebrew" in reference to the language of the Hebrew people; its later historiography, in the Book of Kings , refers to it as יְהוּדִית Yehudit " Judahite (language)". Hebrew belongs to

12390-595: The world today; the latter group utilizes the Samaritan dialect as their liturgical tongue. As a non- first language , it is studied mostly by non-Israeli Jews and students in Israel, by archaeologists and linguists specializing in the Middle East and its civilizations , and by theologians in Christian seminaries . The modern English word "Hebrew" is derived from Old French Ebrau , via Latin from

12508-424: 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,

12626-421: Was a spoken language , and Amoraic Hebrew (also called Late Rabbinic Hebrew or Mishnaic Hebrew II), which was a literary language . The earlier section of the Talmud is the Mishnah that was published around 200 CE, although many of the stories take place much earlier, and were written in the earlier Mishnaic dialect. The dialect is also found in certain Dead Sea Scrolls. Mishnaic Hebrew is considered to be one of

12744-457: Was carried out against the Roman Empire by the Jews of Judaea . Aramaic and, to a lesser extent, Greek were already in use as international languages, especially among societal elites and immigrants. Hebrew survived into the medieval period as the language of Jewish liturgy , rabbinic literature , intra-Jewish commerce, and Jewish poetic literature . The first dated book printed in Hebrew

12862-517: 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

12980-444: 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

13098-491: Was now a more significant written language than Aramaic within Judaea." This nationalist aspect was further emphasized during periods of conflict, as Hannah Cotton observing in her analysis of legal documents during the Jewish revolts against Rome that "Hebrew became the symbol of Jewish nationalism, of the independent Jewish State." The nationalist use of Hebrew is evidenced in several historical documents and artefacts, including

13216-538: 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

13334-566: Was published by Abraham Garton in Reggio ( Calabria , Italy) in 1475. With the rise of Zionism in the 19th century, the Hebrew language experienced a full-scale revival as a spoken and literary language. The creation of a modern version of the ancient language was led by Eliezer Ben-Yehuda . Modern Hebrew ( Ivrit ) became the main language of the Yishuv in Palestine , and subsequently

13452-629: Was revived beginning with the Haskalah movement. The first secular periodical in Hebrew, Ha-Me'assef (The Gatherer), was published by maskilim in Königsberg (today's Kaliningrad ) from 1783 onwards. In the mid-19th century, publications of several Eastern European Hebrew-language newspapers (e.g. Hamagid , founded in Ełk in 1856) multiplied. Prominent poets were Hayim Nahman Bialik and Shaul Tchernichovsky ; there were also novels written in

13570-531: Was suppressed. Soviet authorities considered the use of Hebrew "reactionary" since it was associated with Zionism, and the teaching of Hebrew at primary and secondary schools was officially banned by the People's Commissariat for Education as early as 1919, as part of an overall agenda aiming to secularize education (the language itself did not cease to be studied at universities for historical and linguistic purposes ). The official ordinance stated that Yiddish, being

13688-551: Was the language of government, Hebrew the language of prayer, study and religious texts, and Aramaic was the language of legal contracts and trade. There was also a geographic pattern: according to Bernard Spolsky , by the beginning of the Common Era, " Judeo-Aramaic was mainly used in Galilee in the north, Greek was concentrated in the former colonies and around governmental centers, and Hebrew monolingualism continued mainly in

13806-408: Was to a certain extent a pidgin . Near the end of that century the Jewish activist Eliezer Ben-Yehuda , owing to the ideology of the national revival ( שיבת ציון , Shivat Tziyon , later Zionism ), began reviving Hebrew as a modern spoken language. Eventually, as a result of the local movement he created, but more significantly as a result of the new groups of immigrants known under the name of

13924-570: Was written, by poets such as Dunash ben Labrat , Solomon ibn Gabirol , Judah ha-Levi , Moses ibn Ezra and Abraham ibn Ezra , in a "purified" Hebrew based on the work of these grammarians, and in Arabic quantitative or strophic meters. This literary Hebrew was later used by Italian Jewish poets. The need to express scientific and philosophical concepts from Classical Greek and Medieval Arabic motivated Medieval Hebrew to borrow terminology and grammar from these other languages, or to coin equivalent terms from existing Hebrew roots, giving rise to

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