10% of publicly traded firms at risk
Dun and Bradstreet estimates ten percent of Israeli companies traded on Tel Aviv stock exchange at risk of close down, about a third will face financial difficulties in coming year
Ten percent of Israeli companies traded on the Israeli stock exchange face the danger of closing down, according to a Dun and Bradstreet report. Meanwhile, about a third of the companies face the risk of financial trouble, the report stated.
Overall, 648 companies are listed on the Tel Aviv Stock Exchange, including 582 stock companies and 66 bond companies.
The total value of the companies traded on Tel Aviv is approximately NIS 450 billion (about USD 100 billion).
Dun and Bradstreet economists pointed out that although the recent year was good for the local stock exchange, with a 30 percent increase in the market value of publicly traded companies, the Israeli economy has also seen an increase in the financial risk level, which now stands at 19 percent, up from 17.5 percent last year.
In recent years, there have been two notable cases of publicly traded companies that have collapsed here.
Overall, the report warned that a third of the registered companies stand a risk of encountering financial difficulties.
