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  Trading Schedule
 

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:
 

Derivatives

Maintenance List

Illiquidity List

T-bills Institutional

Bonds

Group B

Group A

Phase

 

9:00

9:00

9:00

Pre-opening

 

9:10

9:10

9:10

Theoretical prices

 

10:15

10:15

9:30

*9:30- 9:35

10:15

9:45-9:50*

Opening Auction

9:30

No-Trading ****

No-Trading  ***

9:30

*9:30- 9:35

10:15

9:45-9:50*

Continuous trading

---

10:15

16:14-16:15 **

Pre-closing & theoretical prices

16:30

16:23-

16:28

16:23-16:28

Closing Auction*
 

*

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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