Israel: TASE changing to Monday to Friday trading week

Clearstream¹ informs clients that the Tel Aviv Stock Exchange (TASE) will move to a Monday to Friday trading week from the current Sunday to Thursday effective

5 January 2026

to align with international standards. No trading will occur on Sunday, 4 January 2026. The key facts about this change cover:

• Monday to Thursday trading hours remain unchanged.
• New trading hours on Fridays are shorter:
  • Bonds and equities: 10:00 to 13:50 (local time);
  • Derivatives: 9:45 to 14:00 (local time);
• On-exchange transactions from Friday will be settled on a T+1 basis on a Sunday.
• The Tel Aviv Stock Exchange Clearing House (TASECH) will operate as it does currently, from Sunday to Friday.
• Holiday eves will remain as non-trading days.
• If a bank holiday or day before a bank holiday (Holiday Eve) falls on a Sunday, no trading takes place on the preceding Friday.
• Change of trading times on Fridays of index rebalancing – trading will end at 13:05 instead of 13:50 local time (applicable to equities and bond markets).

Impact on clients

From a settlement and custody perspective, there will be no impact on the current cash and settlement times for Clearstream clients.

Securities settlement instructions received on a Friday will be matched and settled in Israel on the following Sunday. Settlement takes place on Fridays for instructions matched on Thursday. Clearstream does not operate on Sundays.

Further information

For further information, clients may contact Clearstream Client Services or their Relationship Officer.

------------------------------------------

1. Clearstream refers collectively to Clearstream Banking S.A., registered office at 42 avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Europe AG (for Clearstream Europe AG clients using 6-series accounts), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
Clearstream Banking S.A. is registered as an Australian CS (Overseas) Facility, under subsection 824B(2) of the Corporations Act 2001, with registration number ARBN 675 244 783.