Tel Aviv Stock Exchange Considers Extending Trading Hours
Translated & summarized from TheMarker by baba
The Tel Aviv Stock Exchange is considering extending its trading hours until 11 PM. The article also covers various other financial news, including oil price surges, stock market drops, a major cash theft, and investment strategies.
The story in 5 lines · by baba
- TASE may extend trading hours to 11 PM.
- Oil prices approach $100/barrel amid Houthi attacks.
- Major cash theft suspected at Dor Alon stations.
- Shareholders seek board replacement at Exillion.
- Local stock market sees significant declines.
The Tel Aviv Stock Exchange (TASE) is reportedly considering extending its trading hours until 11:00 PM, following a recent change in the stock market's trading days. This potential shift aims to align with international market hours and potentially increase trading volume.
In other financial news, shareholders are reportedly seeking to replace the board of directors at Exillion, with a specific mention of a "snake catcher murderer" in the context of this shareholder dispute. Meanwhile, oil prices are nearing $100 per barrel due to Houthi attacks on Saudi Arabia, contributing to declines in European markets.
The local stock market is experiencing significant drops, with the WiShore index falling by 3.3%. A major suspected theft of approximately 40 million shekels in cash from Dor Alon fueling stations has also been reported.
Additional financial discussions include an investor's guide to the S&P 500 index for Israelis, an explanation of index funds for banking stocks, and a look at six record highs for the dollar-shekel exchange rate over the past 30 years. The article also touches on investment opportunities in Poland and a fund that invested in Google and Nvidia, now preparing for its next major move with $10 billion in assets. The compensation and profits of senior executives at The Phoenix insurance company are also highlighted, alongside the financial complexities and costs associated with divorce proceedings.
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