TASE records adjusted profit of close to NIS 26 million in the second quarter, compared to NIS 20 million last year  Revenue in the second quarter of 2024 totals NIS 105.1 million, a 13% increase compared to NIS 92.9 million in the corresponding quarter last year Adjusted EBITDA in the second quarter of 2024 totaled NIS 45.8 million, compared to NIS 35.6 million in the corresponding quarter last year, an increase of 29% Adjusted net profit in the second quarter of 2024 totaled NIS 25.7 million, compared to NIS 20.4 million in the corresponding quarter last year, an increase of 26% Ittai Ben Zeev, TASE CEO, said today: "TASE continues to show resilience and support the Israeli economy against the backdrop of the ongoing war. We continue to push forward with technological innovation, implementing advanced infrastructure and promoting collaborations in order to upgrade the market, remove barriers and enhance its global accessibility. Now more than ever we are resolved to continue developing the capital market, as part of our unwavering commitment to the Israeli economy, which is pivotal to our national strength. As part of these efforts, we recently published, in cooperation with the Israel Securities Authority and the Bank of Israel, a call for public comments on the proposal to align the TASE trading week with the global standard; a strong positive response was received in favor of changing to a Monday-through-Friday trading week. We are confident that this strategic move that will make TASE more readily accessible for global investors and increase their involvement in the Israeli capital market, benefiting the Israeli economy in general and the local companies in particular. We are currently examining all the public comments received in order to reach the most fitting solution, both for international investors and for the Israeli capital market." TEL AVIV, Israel, Aug. 7, 2024 /PRNewswire/ -- The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for the second quarter ended June 30, 2024. Trading volumes rose significantly in the first half of the year with growth in indices and solid issuance activity In the first half of 2024, in the midst of the war, the TA-125 index increased by 3.5%, compared to the 3.8% for the Dow Jones index and compared 14.5% for the S&P 500 index. Equity price rises characterized most sectoral indices, with the TA-Retail index leading the list with a 13% increase, followed by the high-tech companies' indices - TA-Technology and TA-Global Bluetech, with a 10% and 9% increase, respectively, compared to the concurrent 17% increase in the NASDAQ 100 index. The market cap of the equity market at the end of the first half of the year reached NIS 1,087 billion, a 3% increase over 2023. Trading volumes in the main trading channels increased significantly in the first half of the year compared to 2023. In the equity market, trading volumes were 8% higher than the average daily trading volume for all of 2023, and averaged NIS 2.1 billion a day. The average daily trading volume of bonds reached NIS 4.5 billion in the first half of the year, 15% higher than the average daily trading volume in the year 2023. This increase was driven mainly by the increase in the trading volume of the government shekel bonds, which totaled NIS 2.3 billion, compared to an average of NIS 1.9 billion in the previous year. CPI-linked government bonds also showed stronger trading volumes, at an average daily volume of NIS 1 billion, 1% greater than the average daily trading volume in the full year 2023. The trading volume of corporate bonds averaged NIS 1.1 billion, 12% greater than the average daily trading volume in the previous year. T-bills also recorded substantial trading volumes in the first half of the year, at a daily average of NIS 1.7 billion, 19% higher than the average daily trading volume in 2023. Creations and redemptions of mutual funds reached an average daily volume of NIS 1.8 billion, 28% greater than the average daily volume in the year 2023. The market cap of the mutual funds at the end of the first half of the year reached NIS 375 billion, 14% greater than the market cap at the end of 2023, this as a result of acquisitions of mutual funds and the appreciation of the mutual funds' assets on TASE. In the first half of the year, 3 companies completed an IPO on TASE, compared to only one company in 2023. Against the backdrop of the ongoing war and the growing deficit, the Ministry of Finance continued to raise debt in the second ...