Extension of TASE Trading Hours Starting 16 June 2013

Press Release
26/05/2013
 
​- Hours better aligned with trading hours of foreign markets
- Trading in all securities Mondays thru Thursdays until 17:25
 
​
In its Thursday, 23 May 2013 meeting, the Tel Aviv Stock Exchange (TASE) Board of Directors approved an extension of TASE trading hours, which will come into effect on 16 June, 2013.
 
On Monday through Thursday, trading hours in equities and bonds will be extended to 17:25 and in derivatives to 17:35. The rest of the trading schedule will remain unchanged.
  
"The extension of trading hours is part of our ongoing efforts to render TASE an attractive and highly accessible venue for foreign investors" Said Ester Levanon, TASE CEO “by aligning TASE trading hours with those of leading European exchanges, and create an hour overlap with trading in New York. We believe it will promote higher trading volume, encourage arbitrage trading by local and foreign investors and improve liquidity”.
 
The revised trading schedule, scheduled to come into effect on 16 June 2013, is summarized in the tables below:
Securities (excluding derivatives) (1) 
A.   Monday through Thursday
 
 
Equities
Bonds, T-Bills and Institutional Market
Group A(1)
Group B(2)
Pre-opening
09:00
09:00
09:00
Opening Auction
09:45 – 09:46
10:15
09:30 – 09:31
Pre-closing
17:14 – 17:15
17:14 – 17:15
17:14 – 17:15
Closing Auction
17:24 – 17:25
17:24 – 17:25
17:24 – 17:25
 
 
B.      Sunday:
 
 
Equities
Bonds, T-Bills and Institutional Market
Group A
Group B
Pre-opening
09:00
09:00
09:00
Opening Auction
09:45 – 09:46
10:15
09:30 – 09:31
Pre-closing
16:14 – 16:15
16:14 – 16:15
16:14 – 16:15
Closing Auction
16:24 – 16:25
16:24 – 16:25
16:24 – 16:25
 
 
C.     Mid holidays of Passover and Feast of Tabernacles (Sukkoth): 
 
 
Equities
Bonds, T-Bills and Institutional Market
Group A
Group A
Pre-opening
09:00
09:00
09:00
Opening Auction
09:45 – 09:46
10:15
09:30 – 09:31
Pre-closing
14:14 – 14:15
14:14 – 14:15
14:14 – 14:15
Closing Auction
14:24 – 14:25
14:24 – 14:25
14:24 – 14:25
 
 
 
Derivatives Trading Schedule
 
Monday thru Thursday
Sunday
Mid-Holidays (“Chol Hamoed”) Sukkoth & Passover
Opening Bell
09:30
09:30
09:30
Closing Bell
17:35
16:35
14:35
 
 
(1) Group A – shares included in the share price Index Universe, ETNs and units in closed-end mutual funds which according to their investment policy endeavor to replicate TASE share price indices.

(2) Group B -  shares not included in the share price Index Universe, convertible securities, ETNs and units in closed-end mutual funds which according to their investment policy do not necessarily try to replicate TASE indices.