Tel Aviv Stock Exchange extends trading sessions by one hour

13 March 2013

The Tel Aviv Stock Exchange (TASE) has extended its trading hours by one hour, which it says will make it better aligned with the leading European and US exchanges.

Under the revised schedule, due to become effective in the second half of April and which is subject to the approval of the Israel Securities Authority (ISA), equities and derivatives trading will close at 17:30 (16:30 Central European Time (CET)) Monday to Thursday and at 14:30 (13:30 CET) on Sunday. Trading hours for fixed income securities, a declining area anyway, will not however be extended.

“It is anticipated that the extension of TASE trading hours will promote higher trading volume, encourage arbitrage trading by local and foreign investors, improve liquidity, and render TASE a more attractive venue for foreign investors,” the exchange said in a statement.

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