From the Liveblog of
Monday, December 30, 2024
Tel Aviv Stock Exchange expected to adopt Monday-to-Friday trading week in 2026
Sharon Wrobel is a tech reporter for The Times of Israel
Finance Minister Bezalel Smotrich says he will advance a shift to a Monday-to-Friday trading week for the local stock exchange to align with global standards. The change is expected to come into effect at the beginning of 2026.
During a visit to the Tel Aviv Stock Exchange, Smotrich says the transition from Israel’s Sunday-to-Thursday trading week is intended to adapt the local capital market so that it overlaps more with trading hours on Wall Street and European bourses. Trading on Friday will end at 2 p.m., to observe the start of Shabbat — the Jewish sabbath – when most Israeli businesses shut.
“Changing the trading days is a central component of our vision to strengthen the connection between the Israeli capital market, the Israeli economy, and global markets,” Smotrich says. “This move will allow global investors to access the Israeli capital market more easily, invest in our attractive local market without unnecessary and harmful barriers, and strengthen the Israeli economy in the long term.”
The transition was proposed last year by the stock exchange and advanced in collaboration with the Israel Securities Authority and Bank of Israel.
The Times of Israel Community.