Tel Aviv Stock Exchange seeks to capitalise on Israel's 'developed market' status

A new phase for Tase

Israel’s upgrade to a developed market by index provider MSCI in May this year will boost foreign investment coming into the country, according to the Tel Aviv Stock Exchange (Tase), the country’s only exchange.

“We have now been promoted to a developed market, and after graduation you start looking at what you are going to do next. We now have to target developed market investors,” says Tase chief executive Ester Levanon.

MSCI’s criteria for market classification are based on economic developmen