Bank Hapoalim announced the renewal of its participation in the Tel Aviv Stock Exchange's tailor-made market-making program for another year. The decision to continue the engagement comes after a year of significant improvement in the liquidity metrics and trading quality of the bank’s shares. Bank Hapoalim was the first to launch the Tailor-made program, and now, in light of the program’s success, has chosen to renew the agreement for another year.
Summary data from the first year of activity shows that the average daily trading volume in Bank Hapoalim shares during the continuous phase surged by more than 95% - from about 89 million shekels per day in the first quarter of 2025 (before the program) to about 175 million shekels in the second quarter of 2026. For comparison, trading volumes in other bank shares recorded a moderate increase of about 65% during the same period.
According to TASE data, the market makers’ contribution to activity in Bank Hapoalim shares was significant, making up about 21% of the daily average volume, with cumulative activity of about 8.2 billion shekels. This activity led to a marked improvement in market depth and trading costs: the visible quantity in the order book increased by about 40%, and spreads narrowed by about 13% in the annual summary.
An increase of about 30% in foreign investor activity
One of the main achievements of the tailor-made market-making program is strengthening the presence of international investors in the share. The proportion of foreign investors in Bank Hapoalim share trading rose from an average of about 31% at the beginning of 2025 to over 40% in recent months - a growth of about 30% in the volume of activity by global investors.
The Tailor-Made program allows leading companies to take an active part in improving the tradability of their securities, understanding that high liquidity and order book depth are essential conditions for attracting institutional and foreign investors.
Yaniv Pagot, EVP and Head of Trading at the Tel Aviv Stock Exchange: "Bank Hapoalim’s decision to renew its participation in the tailor-made market-making program is evidence of the strong vote of confidence in the model and its contribution to market quality. We have seen significant improvements across all key metrics, including trading volumes, order book depth, and foreign investor activity. Our goal is to continue enhancing the liquidity, depth, and competitiveness of the TASE stock market.”
*Trading volume during the continuous trading session, excluding negotiated transactions and block trades.
