Wednesday, 17 January 2024

#Israel eyes shift to Monday-Friday trading to win over MSCI -regulator | Reuters

Israel eyes shift to Monday-Friday trading to win over MSCI -regulator | Reuters

Israel aims to eventually shift its stocks trading days to Monday to Friday to win inclusion in global index provider MSCI's Europe category, Israel's securities regulator said.

Israel's trading day is Sunday through Thursday and MSCI in 2022 rejected reassigning the country to a new region, citing differing market trading days as a key reason.

Trading volume on Sundays is usually far lower than the rest of the week and the Tel Aviv Stock Exchange (TASE) ends trading 90 minutes earlier on that day.

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