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SOURCE Tel Aviv Stock Exchange Ltd
TEL AVIV, Israel, March 11, 2013 /PRNewswire/ --
Market capitalization (Excluding ETNs):
Daily Turnover (Including off-the-floor transactions):
Israel Key Macroeconomic indicators
TASE EXTENDS TRADING HOURS BY ONE HOUR
Trading hours will be better aligned with those of leading European and US exchanges.
- Monday-Thursday equities and derivatives trading will close at 17:30 (16:30 CET)
- Sunday trading will close at 14:30 (13:30 CET).
The revision is subject to the approval of the Israel Securities Authority.
Tel Aviv Stock Exchange
Established in September 1953, the Tel Aviv Stock Exchange (TASE) is an efficient one-stop shop for the securities industry, hosting an increasingly sophisticated range of products available to investors, including shares, corporate bonds, treasury bills and bonds, index-tracking products and derivatives. TASE is a fully-automated exchange with a central order book trading system, providing clearing, settlement and depository services.
TASE will promote Israel's capital market and its listed companies in Israel and abroad, through the provision of the most highly advanced infrastructure for securities trading and clearing, adhering to the highest standards of excellence and guided by principles of market integrity; and will endeavor to position itself and Israel as an international financial center for the listing and trading of technology companies
The TASE is owned by its members, which comprise the Bank of Israel (Israel's central bank), 16 banks and 13 investment houses. The banks are supervised by the Bank of Israel and the investment houses by the TASE. The TASE permits international banks and investment houses that have no permanent representation in Israel to become 'remote members'.
For the TASE Members' list.
Companies traded in the USA and on the London Stock Exchange (Main Market) can dual-list their shares on the TASE. Dual-listing, which does not entail significant costs, imposes no additional regulatory burden and offers continuous trading from 09:45 to 23:00 (Israeli time), for companies listed in the USA. There are currently 44 companies dually-listed on TASE, as well as 6 companies which are cross-listed on other foreign securities exchanges.
For more information about Dual Listing on TASE.
Israel is classified as a "developed market" by MSCI, FTSE and S&P and is included in the following international indices: MSCI World, MSCI KOKUSAI, MSCI Europe & Middle East, MSCI EAFE, MSCI EASE, the FTSE All World, FTSE Med-100 indices, and S&P Developed BMI.
Trading on TASE is conducted through its members, which include Israeli and international banks and investment houses.
For further information, you are welcome to visit our website at: http://www.tase.co.il or contact the TASE Marketing and Communications Unit at +972-3-5677405/6.
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