JERUSALEM, Dec. 30 (Xinhua) -- Israeli Finance Minister Bezalel Smotrich announced in a statement on Monday that the Tel Aviv Stock Exchange (TASE) will shift its trading days to align with global standards.
Effective within months, the new schedule will change the exchange's operating days from the current Sunday-to-Thursday format, which aligns with Israel's workweek, to Monday through Friday. The shift aims to bring TASE's trading days in line with major global stock exchanges.
The change is expected to improve accessibility for international investors, enhance liquidity, and increase market efficiency. It is also anticipated to lead to more accurate securities pricing and boost the chances of Israeli securities being included in leading global indices.
This move is part of a broader initiative, supported by Israel's Finance Ministry, central bank, securities authority, and TASE, to align Israeli financial regulations and capital market practices with international norms, the statement added.
