El Al has entered into an agreement with the Tel Aviv Stock Exchange (TASE) under a dedicated Tailor-Made market making program for the Company’s shares, within which TASE enables listed companies to register for a track specifically tailored to the individual needs of each company.
The Tailor-Made program is expanding into additional sectors, with El Al, a constituent of the TA-90 Index, joining the program. To date, eight companies are registered in the program.
El Al’s share records an average daily trading volume of approximately NIS 30 million over the past 90 trading days. The Company is joining the program with the objective of increasing the tradability and liquidity of its shares, while strengthening its position among local and international investors.
As part of the Tailor-Made program for El Al, TASE will approach entities with experience in providing liquidity in securities and financial instruments that are interested in being appointed as market makers for the Company’s shares.
The program will be managed by TASE in full coordination with El Al and in accordance with the defined objectives. TASE will engage with the market makers selected through the process and will provide EL Al with ongoing liquidity reports regarding activity under the program.
