Selected Market Makers to Boost Bank Mizrahi Tefahot's Share Liquidity in TASE

Enhanced Market Liquidity for Bank Mizrahi Tefahot

On September 2, 2025, it was announced by the Tel Aviv Stock Exchange (TASE) that Meitav Market Making and Migdal Market Making have been appointed as the designated market makers for Bank Mizrahi Tefahot shares. This decision aligns with the bank's recent participation in TASE's tailor-made market-making program, which is designed to meet the specific needs of public companies.

The implementation of this market-making initiative is anticipated to significantly improve liquidity for Bank Mizrahi Tefahot's shares, which have seen an average daily trading volume of nearly NIS 111 million over the last three months. This level of activity highlights the shares' high liquidity, making them attractive to both local and international investors. A chief goal of this new program is to reduce trading costs and increase interest in these shares from institutions worldwide.

A critical aspect of the program is the commitment required from the appointed market makers. They are mandated to continuously provide prices in the Bank Mizrahi Tefahot order book every day, maintaining a minimum volume of NIS 400,000 and ensuring that the difference between buying and selling prices (known as the bid-ask spread) is capped at 0.25%. By setting these benchmarks, the TASE aims to elevate liquidity levels, slash transaction costs, and make the shares even more appealing to investors.

This new market-making framework is effective September 7, 2025, and will be managed by TASE in close collaboration with the bank to meet mutually agreed-upon objectives. The year-long program is expected to provide investors with enhanced trading opportunities, creating a more efficient market environment.

After the launch, financial analysts anticipate that several positive outcomes will follow. As the market making becomes operational, investors may notice improved pricing for shares and greater accessibility. Moreover, by increasing volumes in the order book, the market makers can facilitate better price discovery and potentially position Bank Mizrahi Tefahot as a more attractive investment option.

This development is a strategic move not only for Meitav and Migdal but also for the Tel Aviv Stock Exchange as a whole, reinforcing its commitment to fostering a vibrant financial ecosystem. By enabling tailored solutions such as this market-making program, TASE aims to bolster investor confidence and participation in the marketplace.

The initiative is also a clear response to the evolving needs of investors looking for more efficient trading solutions in the financial markets. In summary, the collaboration between Meitav, Migdal, and Bank Mizrahi Tefahot marks an exciting chapter that could enhance trading dynamics in the TASE, potentially benefiting all stakeholders involved.

For further inquiries, Orna Goren, Head of Communication and Public Relations Unit, is the point of contact at Tel +972 76 8160405.