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.
About the Author: Malkah Fleisher is a graduate of Cardozo Law School in New York City. She is an editor/staff writer at JewishPress.com and co-hosts a weekly Israeli FM radio show. Malkah lives with her husband and two children on the Mount of Olives in Jerusalem.
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