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Israel Market Hours & Holiday Schedule 2012

Published on Jun 19 2011 // Tools

Israeli Market Holidays 2012 (Courtesy of the Tel Aviv Stock Exchange)

  • The trading on the TASE is transacted Sunday to Thursday and Clearing is executed Sunday to Friday, with the exception of the following vacation schedule.
  • Trading is truncated during mid-holidays of Passover (April 8-11) and Sukkoth (October 2-4). For stocks, bonds and T-bills – the continuous trading stops each day at a time to be set at random, between 14:29 and 14:30. The closing phase begins each day at a time to be set at random, between 14:38 and 14:43. For derivatives – the trading stops at 14:45.
Date Day Holiday Note
March 8 Thursday Purim (2)
April 6 Friday Passover I Eve (1)
April 12 Thursday Passover II Eve (1)
April 13 Friday Passover II (2)
April 25 Wednesday Memorial Day (1)
April 26 Thursday Independence Day (2)
May 27 Sunday Pentecost (Shavuot) (2)
July 29 Sunday Fast Day (2)
September 16 Sunday Jewish New Year Eve (1)
September 17 Monday Jewish New Year I (2)
September 18 Tuesday Jewish New Year II (2)
September 25 Tuesday Yom Kippur Eve (2)
September 26 Wednesday Yom Kippur (2)
September 30 Sunday Feast of Tabernacles (Sukkoth) Eve (1)
October 1 Monday Feast of Tabernacles (Sukkoth) (2)
October 7 Sunday Rejoicing of the Law (Simchat Tora) Eve (1)
October 8 Monday Rejoicing of the Law (Simchat Tora) (2)

 

 

Note:

(1)The TASE is closed for trading on this day but clearing is carried out.

(2)Neither trade nor clearing are carried out.

Trading Schedule (Courtesy of the Tel Aviv Stock Exchange)

The detailed trading schedule including trading hours for the the interim holidays of Pesach and of Sukkot, trading hours in the day before the IANS (Index Adjusted number of Shares) quarterly update day (in Equity market) and trading hours in the last trading day of March and September every year (in Bonds, T-Bills & Institutional markets), is specified in the Resolutions of the Board of Directors

Trading hours on the Tel Aviv Stock Exchange are Sunday through Thursday as specified bellow:

Phase Group A Group B Bonds T-bills Institutional Derivatives Illiquid List Maintenance List
Pre-opening 9:00                  9:00                 9:00 9:00 9:00
Theoretical prices 9:10                  9:10                  9:10 9:10 9:10
Opening Auction 9:45-9:50* 10:15 9:30 10:15 10:15
Continuous trading 9:45-9:50* 10:15 9:30 9:30 No-Trading *** No-Trading****
Pre-closing & theoretical prices ————16:14-16:15  **———————- 10:15
Closing Auction* 16:23-16:28  16:23-16:28     16:23-16:28 16:30 16:23-16:28

Group A – Shares included in the following indices: TA-100, Tel-Tech 15, Tel-Div 20, Real Estate-15, Finance and Maala, and also of index products and participation units in closed joint investment trust funds, which under their investment policy invest their assets in securities, in a manner as near as possible to the weight of those securities in the following indices: TA-25, TA-75, TA-100, TA-Banks, Tel-Tech 15, Tel-Div 20, Real Estate-15, Finance or Maala.

Group B – shares and index products not included in group A and securities convertible into shares.

* A random opening / closing within a 5 minutes range.
** A random beginning of 60 seconds.In Equity market -trading hours in the day before the IANS (Index Adjusted number of Shares) quarterly update day  – the trading phase will begin randomly between the hours 15:55-15:56.

In Bonds, T-Bills & Institutional markets – hours in the last trading day of March and September every year – the trading phase will begin randomly between the hours 15:55-15:56.

*** Continuous trading in securities on the illiquid list does not take place and these securities are traded in a call-auction phase twice a day, at the opening phase and at the closing phase.
**** Trading of securities on the maintenance list is carried out in a limited format once a day in the opening auction.

 

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