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Draft for Public Comments – Change in Trading Days on the Tel Aviv Stock Exchange

Or Hoffer Liat Maidler Efrat Tzur

1 April 2025

We would like to inform you that on March 26, 2025, a draft amendment to the bylaws and guidelines of the Tel Aviv Stock Exchange (TASE) was published for public comment. Currently, trading on TASE occurs from Sunday through Thursday. This draft proposes transitioning the trading days to Monday through Friday, starting in January 2026.

The draft amendment was developed as part of a joint initiative between the TASE, the Israel Securities Authority (ISA), and the Bank of Israel. Its aim is to align trading days with global market practices and enhance the accessibility of Israel’s capital market to foreign investors – a move considered strategically significant for improving both the liquidity and attractiveness of the local market.

Key proposed changes include:

  • Trading on the TASE will be conducted from Monday through Friday. There will be no trading on Sundays.
  • Friday will be a shortened trading day, with all regular trading activities taking place. However, no new listings will be approved.
  • Transactions conducted on Friday will be settled on the following Sunday (T+1), including mutual fund creation and redemption orders, as well as derivatives settlements.
  • Equity index composition updates will be moved from Thursday to Friday.

 

Public comments may be submitted by April 16, 2025.

To view the draft for public comments as published by the TASE (March 26, 2025) – Hebrew only, please use the following link.

 

 Our firm has extensive expertise and vast experience in the trading field. We engage in all aspects of the regulatory developments in this field and advise the leading international and Israeli entities in its context. We will be delighted to assist you in any issue relating to this field

 

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