|By PR Newswire||
|August 25, 2014 11:34 AM EDT||
TEL AVIV, Israel, August 25, 2014 /PRNewswire/ --
In keeping with its drive to encourage foreign investment in Israel's capital market, the Tel Aviv Stock Exchange (TASE) is currently examining the possibility of aligning its trading schedule with accepted practice abroad by adopting a Monday through Friday (rather than Sunday through Thursday) trading week. Trading on Fridays will close at 14:00.
The TASE Board of Directors discussed this issue at its meeting last Thursday and announced that it favors the proposed measure. The discussion was based on a preliminary survey, which indicates that the market welcomes the suggested transition and views it in a positive light.
In the coming period TASE will examine the issue with its members, evaluating the implications of the shift in trading schedule from various operational and economic standpoints.
For more information please contact:
Idit Yaaron or Orna Goren, TASE, +(972)76-8160405/6
Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il
SOURCE Tel Aviv Stock Exchange (TASE)