TASE May Add Hour to Trading Day

In a news conference on Sunday, the Tel Aviv Stock Exchange announced that it may extend Israel’s trading day by an hour in order to attract more European investors and boost the amount of trading.

Israel’s stock trading day currently ends two hours before the European markets close.  In 2009, TASE shortened its trading day by an hour to 4:30pm due to lack of turnover in that hour.

Israel may soon be added to the FTSE and MSCI European indexes, which is expected to bring between $1 billion and $2 billion into the Israeli market.