Base Price on the First Day of Trading

​TASE modified the method for determining the base price of securities (excluding derivatives) on the first trading day. Accordingly, commencing on June 13, 2021, it will be calculated based on the principles described below.

Calculation principles under the new rules (PDF)

Link to the rules in TASE Trading Guide


The information that is attached to this notice is presented for convenience purposes only. TASE gives no assurance of the integrity of the information, its update status or of its suitability for any specific purpose, and is not responsible for any deficiency, misstatement, error, omission or inaccuracy in the information, for any reason whatsoever.
For the avoidance of doubt, it is hereby clarified that all of the aforementioned terms and calculations are to be interpreted and determined in accordance with the stated in the TASE Rules, the Regulations and the By-laws, as appropriate, and that the binding version is that appearing in the Hebrew version of the Rules, Regulations, and By-Laws, as aforesaid, and that in the event of any contradiction, the stated therein shall prevail.