Tel Aviv Switch to Monday-Friday Trade Backed by Brokers - Bloomberg:
"Brokers in Tel Aviv favor a proposal to align the stock exchange’s trading days with markets abroad, a plan that may lure more funds and pave the way for inclusion in MSCI Inc.’s Europe Index, a bourse board member said.
Members of the exchange, including banks and brokers, need to present their views on the proposed switch to a Monday-to-Friday trading week within a month, according to Julien Assous, chief executive officer of IBI-Israel Brokerage & Investments Ltd. There is no target date yet for the change, said Assous, who is also the chairman of the TASE Brokers Association.
“The chances of the switch happening are good,” he said today in a phone interview from Tel Aviv. Assous said earlier this week the proposal is part of a larger campaign to be included in the Europe Index. “There is no strong objection to the move from any party,” he said."
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