The Tel Aviv Stock Exchange (TASE) has extended its trading hours by one hour, which it said would make them better aligned with those of leading European and US exchanges.
Under the revised schedule, due to become effective in the second half of April 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 will not be extended however.
“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. The move had been previewed at the end of last year by TASE’s chief executive officer (CEO), Ester Levanon.
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